Groundspeed Analytics
Latest round
- Series C
Last raised
- Jan 2021
Total raised
- $32M
Investors
- 6
About Groundspeed Analytics
Groundspeed Analytics, Inc. was founded in 2016 in Ann Arbor, US, to provide data analytics solutions for the commercial insurance industry.00 mn from Horizon Technology Finance on June 20, 2023.00 mn.Groundspeed specializes in providing advanced data analytics solutions tailored for the commercial insurance industry, primarily through its flagship product, SubmissionIQ. This innovative AI-driven tool enhances underwriting processes by automating the extraction and analysis of data from various sources, including loss runs and exposure schedules. Groundspeed leverages technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) to streamline workflows, reduce time spent on data validation, and create precise risk profiles for insurance carriers and managing general agents (MGAs).Groundspeed generates revenue through B2B transactions, primarily structured around subscription models for their advanced analytics services. Clients, such as insurance carriers and MGAs, engage with Groundspeed on a contractual basis to access SubmissionIQ and related services. Revenue is derived from annual licensing fees and can include additional charges for customized solutions and data integrations tailored to specific client needs., a move that is expected to strengthen the market technology of Insurance Quantified and maximize the value of data for commercial property and casualty insurers. CEO Eric Kobe will join the Insurance Quantified team following the acquisition.
Who invested in Groundspeed Analytics
6 investors across 3 rounds
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Questions about Groundspeed Analytics
Who invested in Groundspeed Analytics?
Groundspeed Analytics has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Groundspeed Analytics raised?
Groundspeed Analytics has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Groundspeed Analytics last raise money?
Groundspeed Analytics's most recent round on record is a Series C, in Jan 2021.
What does Groundspeed Analytics do?
Groundspeed Analytics is a software company.
Where is Groundspeed Analytics headquartered?
Groundspeed Analytics is headquartered in Ann Arbor, US.
Which VCs invest in companies like Groundspeed Analytics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Groundspeed Analytics's stage. Their profiles are linked below.
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