Utilant
Latest round
- Series A
Last raised
- Dec 2018
Total raised
- $7.5M
Investors
- 1
About Utilant
Utilant LLC specializes in risk management software for insurance companies. Founded in 2005 and headquartered in Buffalo, US, it has participated in 2 deals. In May 2021, the company was acquired by Majesco US, a portfolio company of Thoma Bravo, to bolster its digital transformation strategy.Utilant LLC offers advanced loss control software designed for insurance firms, focusing on risk and compliance solutions. Its core product suite includes a loss control platform that manages the entire survey process for insured properties. This encompasses ordering, assignment to field staff, quality assurance, underwriting, and follow-up recommendations, utilizing AI and machine learning to enhance risk assessment through a vast database of over 2 billion observational data points and 200 million tagged photos from property surveys conducted by trained risk engineers.Utilant LLC generates revenue principally through subscription-based models for its software solutions, enabling insurance companies to continuously access their loss control platform. This model supports recurring revenue as clients engage in direct partnerships for services such as risk assessments and survey management, facilitating seamless integration into their operations.Following its acquisition in May 2021, Utilant LLC is set to enhance its product offerings and market position as part of Majesco US' strategy. Following its acquisition in May 2021, Utilant LLC is set to enhance its product offerings and market position as part of Majesco US' strategy. The Rationale for the acquisition indicates that the combined entity will focus on accelerating digital transformation and embedding intelligent data and analytics into their SaaS platforms.
Who invested in Utilant
1 investor across 1 round
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Funding rounds
Series A
Dec 31, 2018
Amount
$7.5M
Investors
Questions about Utilant
Who invested in Utilant?
Utilant has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Utilant raised?
Utilant has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Utilant last raise money?
Utilant's most recent round on record is a Series A, in Dec 2018.
What does Utilant do?
Utilant LLC specializes in risk management software for insurance companies.
Where is Utilant headquartered?
Utilant is headquartered in Buffalo, US.
Which VCs invest in companies like Utilant?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Utilant's stage. Their profiles are linked below.
VCs backing insurance startups at Series A
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