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13 June 2019Insurance

Insurtech Hi Marley attracts $8.7m Series A funding for AI-powered platform

Massachusetts-based insurtech firm Hi Marley has secured $8.7 million Series A funding from early stage venture capital firm True Ventures, with participation from Underscore VC.

The insurtech's AI-powered intelligent conversation platform, specifically designed for the insurance industry, helps streamline the claims process and carrier communication.

Hi Marley recently partnered with global specialist insurer Hiscox for its AI-enabled messaging solution.

“We’re beyond thrilled to have True Ventures and Underscore join us as we fill the communication gap between insurers and their customers,” said Mike Greene, Hi Marley CEO. “We’re far into the age of the customer, and the insurance industry wants in. We wanted to provide a solution that’s sole purpose is to delight the end customer by delivering what they expect. To create a seamless customer insurance experience, we are connecting all the various insurance players into a single conversation, happening in real time. We’re ecstatic to build this service for the world.”

True Ventures partner Puneet Agarwal, who has joined Hi Marley's board, said: “Hi Marley automates the claims process while still maintaining a very human element. For all stakeholders in the insurance ecosystem, the platform enables a new level of customer happiness the industry has never before seen.”

Lily Lyman of Underscore VC, added: “Building on the founders’ deep industry experience and tapping into Boston’s rich talent pool, the Hi Marley team is well positioned to transform customer experience across the insurance ecosystem."

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More on this story

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3 September 2018   Global specialist insurer Hiscox is introducing a customer messaging solution from Boston, Massachusetts-based insurtech firm Hi Marley for AI-powered claims handling communications.
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19 June 2019   Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution.
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3 July 2020   Massachusetts-based insurtech firm Hi Marley has closed an $8 million A1 round, bringing its total financing to $18.6 Million, for product expansion.