Convr
Latest round
- Series B
Last raised
- Nov 2019
Total raised
- $18M
Investors
- 7
About Convr
Convr Inc.Founded in 2016 and headquartered in Schaumburg, US, Convr Inc. focuses on transforming the P&C insurance industry through AI technology. The company was co-founded by Harish Neelamana and Kuldeep Malik, with Bruce Simpson serving as CEO.Convr AI specializes in transforming the commercial property and casualty (P&C) insurance industry through its innovative AI-driven Underwriting Workbench. This core product integrates data, discovery, and decision intelligence into a comprehensive digital underwriting analysis tool. The Underwriting Workbench employs a patented machine-learning algorithm to streamline underwriting operations, allowing insurance organizations to efficiently process submissions, assess risks, and tailor quotes. These capabilities empower carriers, reinsurers, managing general agents, and underwriters to enhance productivity, improve risk selection, and ultimately increase profitability.Convr AI generates revenue primarily through software subscriptions and partnerships with insurance organizations that leverage its AI-driven underwriting solutions. Clients engage with Convr by adopting the Underwriting Workbench, integrating it into their existing underwriting processes. This partnership model allows clients to pay for access to the platform, which includes features such as Workbench Intake AI™, Risk 360 AI™, and Insights™. The company is focusing on designing new features for its Underwriting Workbench and aims to enter additional markets in Europe and Asia by 2024.
Who invested in Convr
7 investors across 2 rounds
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Questions about Convr
Who invested in Convr?
Convr has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Convr raised?
Convr has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Convr last raise money?
Convr's most recent round on record is a Series B, in Nov 2019.
What does Convr do?
Convr is a software company.
Where is Convr headquartered?
Convr is headquartered in Schaumburg, US.
Which VCs invest in companies like Convr?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Convr's stage. Their profiles are linked below.
VCs backing software startups at Series B
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