# Utilant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utilant

- Industry: Insurance
- Headquarters: Buffalo, US
- Total disclosed funding: $7.5M
- Latest round: Series A (Dec 31, 2018)
- Investors on record: 1

## About

Utilant LLC, based in the US, is a provider of advanced risk management and compliance software solutions, primarily serving the insurance industry.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. The founder's history or previous ventures are not publicly available.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. The primary users of these services are insurers and underwriting professionals aiming to optimize profitability and improve loss prevention measures in North America and Europe.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. The pricing structure accommodates various needs within the insurance sector, providing tailored options for both commercial lines and specialty markets.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.

## Funding rounds

- Series A, Dec 31, 2018, $7.5M — Aquiline Capital Partners

## Investors

- Aquiline Capital Partners (https://capitalatlas.ai/funds/aquiline-capital-partners) — Series A