The Israeli digital insurance company declined to disclose any financial details about the deal but said that the acquisition will double revenue from $200 million annually to $400 million.
Results for
Israeli Unicorn Next Insurance acquires Juniper Labs
WIth a valuation north of $2B, Israeli startup Next Insurance adds the American company s unique machine-learning and open data capabilities. Yaneev Avital /
Israeli Insurtech Unicorn
Next Insurance announced the acquisition of U.S. startup
Juniper Labs, which was founded last year and leverages machine-learning and open data for the insurance sector.
Making complex data accessible
Juniper Labs provides better risk transparency by leveraging open data and machine learning to build tools for streamlined data collection and automated underwriting. Using natural language processing (NLP),
Juniper Labs blends fragmented data sources and unstructured content to provide more structured insights that strengthen the confidence and predictive power of their models, ultimately allowing for more precise risk assessment and a simplified customer experience.