See other companies on Welcome to the Jungle
Sprout.ai
AI powered fraud filtering and claims automation for insurance
- 21-100 employees
- B2B
- Artificial Intelligence
- Insurance
- London, UK
Jump to section
Company mission
To unlock the future of insurance, solving fraud detection and claims automation, while empowering insurers to deliver amazing customer experiences.
Our take
Sprout.ai is an advanced claims automation solution harnessing the power of contextual AI to revolutionise the insurance claims experience for global insurers and their consumers. The AI engine is a tool that the claim handler uses and drives in order to aid decision-making and to triage and process claims better and faster, reducing the time taken to process individual claims from 30 days to just 24 hours.
The huge time saving it offers has helped the company attract attention from a number of large insurers across the world, including Zurich. It now has deployments across three continents, including Europe, South America and APAC.
Sprout.ai’s proprietary technology is an industry first and is bringing much needed modernity to an industry that has classically been slowed down by workflow problems and stunted communication.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 6 rounds)
Mar 2024
$1.8m
EARLY VC
Oct 2023
$6.9m
EARLY VC
Total funding: $22.4m
This company has top investors
Leadership
Raphael Guth
(Head of Operations)Former Senior Marketing Executive at Charles Tyrwhitt and co-founder of Morph Technology.