Deep Vector Raises $1.5M in Seed Funding to Enhance AI-Driven Underwriting Document Analysis
Deep Vector is revolutionizing insurance underwriting with its cutting-edge AI platform.
Company Name: Deep Vector
Location: New York City, NY
Industry: AI for Insurance Document Analysis
Funding Details:
Amount: $1.5M (Seed)
Investors: Aperture Venture Capital (Lead), InsurTech NY
Purpose of Investment:
The funds will be used to expand operations and accelerate development efforts.
Leadership:
Founders: Scott Knowles, Wesley Janse van Rensburg
Product:
Deep Vector’s AI platform transforms analog underwriting documents into actionable data for insurers and brokers. Key features include:
- Document Classification: Proprietary algorithms and machine learning classify documents from a library of 5,600+ formats specific to each insurance carrier.
- Data Translation: Converts risk, claims loss runs, Acord forms, motor vehicle records, and business records into usable data.
- Streamlined Workflow: Enhances efficiency for carriers, brokers, and risk managers by automating manual processes.
About the Company:
Deep Vector is revolutionizing insurance underwriting with its cutting-edge AI platform. By bridging the gap between analog documents and digital workflows, the company helps insurers and brokers improve risk assessment and operational efficiency.
With its latest funding and innovative technology, Deep Vector is set to redefine document management in the insurance industry.
