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INTERNET | Internet Software & Services / Accounting & Finance
gradientai.com

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Founded Year

2018

Stage

Series B | Alive

Total Raised

$30.95M

Last Raised

$20M | 6 mos ago

About Gradient AI

Gradient AI seeks to address the need for Artificial Intelligence (AI) and Machine Learning (ML) solutions designed specifically for the insurance industry. The company's solutions include software and models utilized by recognized Insurance Carriers, MGAs, TPAs, Pools, PEOs and more. Gradient's artificial intelligence helps commercial insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies.

Gradient AI Headquarter Location

321 Summer St. Floor 6

Boston, Massachusetts, 02210,

United States

888-958-5846

Latest Gradient AI News

Gradient AI and Merlinos Team to offer State-of-the-Art Artificial Intelligence and Expert Actuarial and Insurance Industry Consulting Services

Sep 14, 2021

September 14, 2021 08:30 AM Eastern Daylight Time BOSTON--( BUSINESS WIRE )-- Gradient AI , the leading enterprise software provider of artificial intelligence solutions in the insurance industry, recently announced that it has partnered with Merlinos & Associates to incorporate state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions with expert actuarial and insurance industry consulting services. Layering Merlinos & Associates' expert consulting services on top of Gradient’s high-precision models accelerates an insurance organization’s path to implementation, and more importantly accelerates their path to optimization and achieving measurable return on their investment. Gradient AI and Merlinos & Associates are especially excited to provide this joint offering which leverages both organizations' deep subject matter expertise in the PEO industry in order to provide the most comprehensive and holistic predictive risk management solution offering in the industry built specifically for PEOs and other risk sharing organizations. “Speed and accuracy in both risk assessment and pricing have become paramount for insurance companies, MGUs, and Professional Employer Organizations (PEOs),” said Stan Smith, Founder & CEO, Gradient AI. “We’re excited about the combination of our AI/ML predictive analytics solutions with Merlinos’ industry leading actuarial expertise and operationalization capabilities as this will facilitate improved decision-making, faster responses and measurable improvements for our mutual clients.” The consultants at Merlinos & Associates, through their actuarial, modeling, and industry experience, help risk takers in the insurance industry to maximize the value they can derive when deploying Gradient’s AI predictions within their underwriting and claims operations. The combined expertise of Gradient and Merlinos delivers industry leading planning, operations, deployment, and ongoing measurement of an organization’s results based on the client’s use of AI. "We became aware of Gradient AI through our consulting work in the PEO industry, and we quickly realized that there was a great match between their skill set and ours," says Paul Merlino, President of Merlinos & Associates. "We are delighted to team with Gradient and help to expand the use of their tools to the insurance industry."

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Research containing Gradient AI

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Gradient AI in 3 CB Insights research briefs, most recently on Mar 2, 2021.

Expert Collections containing Gradient AI

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Gradient AI is included in 5 Expert Collections, including InsurTech.

I

InsurTech

1,641 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

7,895 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

P

P&C Claims Management Value Chain

128 items

F

Fintech

7,109 items

US-based companies

C

Commercial Insurtech

142 items

Companies in this collection help commercial insurers improve processes across the value chain including quote-to-bind, operations, claims, and more. Companies span Multi-line Commercial, Specialty Liability, Workers' Compensation.

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