n2uitive secures $1.3m funding to fuel growth in insurtech market
n2uitive, a software-as-a-service (SaaS) claims interview and recorded statement management platform for auto, home, and workers compensation insurers, has secured $1.3 million in funding led by Cascade Seed Fund, headquartered in Oregon.
The investment will be used to launch the company's next-generation claims interview platform, which will feature comprehensive workflow automation and interview intelligence capabilities. n2uitive currently serves 35+ enterprise P&C insurance customers and 15,000+ claims adjusters.
n2uitive's platform streamlines the claims investigation and interview process for claims adjusters while providing valuable insights for insurance companies to improve claim outcomes.
"The recorded statement claims interview process is disjointed and time consuming for claims adjusters and often interferes with the insurers providing the most accurate and timely claim outcomes for their customers," said Joel Gendelman, CEO of n2uitive Corporation. "n2uitive takes the pain out of this process by moving enterprise insurance customers and claims adjustors away from outdated processes that result in merely 'compliance artifacts' to delivering claims intelligence and insights into the interviews and investigations themselves. This latest round of funding will fuel our ability to help insurers make accurate and consistent liability decisions and unlock value from their recorded statements."
Robert Pease, managing director at Cascade Seed Fund, commented: "We believe n2uitive is positioned to build on its interview recording experience to create a robust automation and intelligence solution powered by speech recognition, machine learning and artificial intelligence technologies."
