Reserv Secures $20M in Series A Financing to Revolutionize Insurance Claims Processing

Reserv empowers MGAs and insurance carriers with advanced automation technology and AI, streamlining claims handling and enhancing data access.

Source: Reserv

Company Name: Reserv
Location: NYC
Product: AI-driven insurance claims processing
Funding Details: $20M in Series A financing-

Funding led by: Altai Ventures and Bain Capital Ventures (BCV)
Participation from: 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures, and Arch Capital Group
Purpose of Funding: Expand generative AI claims data analysis tools

Leadership: CJ Przybyl (co-founder and CEO) and Martha Dreiling (co-founder and COO)

About Company: Reserv empowers MGAs and insurance carriers with advanced automation technology and AI, streamlining claims handling and enhancing data access. The company's platform combines speed, data science, and user-friendliness to elevate the consumer, insurance adjuster, and carrier experience. Licensed across the US and the UK, Reserv operates for all non-workers compensation property and casualty claims and boasts a strong team of over 70 professionals.

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