Intelligent AI secures £400k pre-seed investment led by RLC Ventures
RLC Ventures led the pre-seed round to help accelerate the company platform development.
Insurtech startup Intelligent AI provides an AI enabled commercial property insurance platform designed to improve risk management. The business uses cloud technology and data analytics to assess portfolio risk.
London based insurtech startup Intelligent AI has secured £400k in pre seed funding. The investment round was led by RLC Ventures, with participation from FomCap, The Gupta Group, and various angel investors.
The capital will be used to further develop the company platform and technology. Intelligent AI aims to transform the commercial property insurance sector using data analytics and artificial intelligence.
From the founder
"We need to move away from a system based on incomplete and historic data, which is failing to accurately define levels of risk in the marketplace."
Anthony Peake
Founder and CEO at Intelligent AI
Investor perspective
"We are delighted to be backing Intelligent AI at the beginning of their journey. Real time data combined with the application of artificial intelligence presents the commercial property insurance sector with an opportunity to save millions every year. Intelligent AI will be strongly placed to capitalise on this huge opportunity and influence the commercial property insurance market."
Jeff Chowdhry
Partner, RLC Ventures
Use of funds
- 01Continue product development
Investors
Categories
About the company
Intelligent AI
Intelligent AI provides an artificial intelligence platform for commercial property insurance risk management.