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8 Irish start-ups in the running to be KPMG's global tech innovator siliconrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconrepublic.com Daily Mail and Mail on Sunday newspapers.
Claims Business: Insurity and Instec, Arturo, CCC, Verisk By Claims Journal staff | May 11, 2021 Insurity Completes Acquisition of Instec Insurity has completed the acquisition of Instec, a company based in Naperville, Ill. that provides analytics software to more than 300 property and casualty insurers. Insurity, based in Hartford, Conn. said that acquisition enables it to expand into the $40 billion program business and broadens its offerings for managing general agents. The program market is highly profitable, with specific risks known for each insured group. However, the program business is also highly competitive, with many P&C carriers competing each year to retain each risk group, Insurity said in a press release. ....
SPAC IPOs are dwindling, but 'blank check' mergers continue apace - San Francisco Business Times bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
SHARE Artificial intelligence-driven threat detection and response startup Vectra AI Inc. announced today it has raised $130 million in new funding to expand its platform and expand into new markets. The round was led by funds managed by Blackstone Growth and a number of existing investors. Notably, the funding was raised on a valuation of $1.2 billion giving the company unicorn status for the first time. Founded in 2010, Vectra offers a cybersecurity platform that users AI to detect and automatically stop attackers in real time while collecting data to perform conclusive incident investigations. Covering cloud and data center workloads to user and “internet of things” devices, the company’s Cognito platform detects, hunts and investigates unknown threats through four applications. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Arturo Raises $25 Million in Series B Funding for AI Platform to Help P&C Insurers and Banks Better Understand Physical Properties April 27, 2021 GMT Some of the insights Arturo’s AI engine is able to deduce from aerial, satellite and stratospheric photography (Photo: Business Wire) Some of the insights Arturo’s AI engine is able to deduce from aerial, satellite and stratospheric photography (Photo: Business Wire) CHICAGO (BUSINESS WIRE) Apr 27, 2021 Arturo, an AI-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, raised $25 million in a Series B funding round led by Atlantic Bridge Capital, with participation from RPS Ventures and existing investors Crosslink Capital and IAG Firemark Ventures – the venture capital fund for IAG, Australia’s largest general insurer. ....