The Ticker

Closes Series A2 and B1 funding rounds having raised $19 million for the AI-driven cyber risk prediction and intelligence firm.

Adds AISIX Solutions wildfire data into its risk processing platform. The collaboration gives commercial insurers access to location-based wildfire risk insights, using models informed by historical fire patterns and geographic data.

Announces winners of the annual startup competition for 2025, Sunereum Labs and Jump Point AI, each winning a $100,000 in-kind award. Carrier/Broker Prize recipient Jump Point uses AI agents to automate and streamline broker workflows in commercial insurance, handling tasks like email triage, PDF analysis, and data entry. Investor Prize recipient Sunereum Labs is a purpose-built managing general agent that delivers insurance solutions for the sustainable energy ecosystem.

Adds Michigan to its list of states using the Severe Convective Storm platform, whichassesses local climatology alongside property characteristics to project the potential for and severity of claims at the property level from such storms. Sixteen other states already use the platform.

Upgrades its AI-powered medical data analysis platform, Case Notes, with new features including sophisticated demand package analysis capacities for a comprehensive assessment of demand letters with medical and billing data. In addition, the company is providing an in-depth analysis chat enabling insurance and legal professionals to receive detailed, context-aware answers.

Launches Meshify Defender Slim Internet of Things sensors, using Amazon Sidewalk to detect water leaks and freeze risks in homes, apartments, and small commercial buildings.

Begins using CyberCube’s Portfolio Threat Actor Intelligence offering, including cyber analytics software, to enhance its cyber exposure management capabilities.

Enhances its Climate Risk Monitor solution by adding tropical cyclone and flood to the list of risks analyzed for climate impacts. The update also adds augmented user interface and direct client access, along with a risk exposure element based on location occupancy types. >> Rolls out Health Price Transparency Analysis analytics tool, intended to assist health plan sponsors in deriving insights from health price data that group health plans are required to release under the Transparency in Coverage Rule and 2021 Consolidated Appropriations Act. The tool will enable employers to benchmark their plan rates to other networks, analyze contracts between carrier networks and hospitals, and compare costs for common procedures at different provider.

Adds contracting solution to automate agent onboarding, completing its end-to-end platform and streamlining the process to reduce manual work and errors across carriers, MGAs, MGUs, FMOs, and IMOs.

Secures $7.5 million in oversubscribed funding round headed by Bonfire Ventures, bringing total funding to $10 million for AI-powered business insurance platform, with participation from Draper Associates, Ramp founder Karim Atiyeh, and existing investors.