Founded Year

2018

Stage

Series B | Alive

Total Raised

$30.95M

Last Raised

$20M | 1 yr 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

ESPs containing Gradient AI

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / Life Insurance Tech

Predictive analytics uses statistical modeling and artificial intelligence methods to complement the actuarial approach, offering a more forward-looking view. Tech solutions in this market serve specific insurance use cases, such as pricing or portfolio optimization. These solutions cater to underwriters looking for a plug-and-play predictive analytics platform.

Gradient AI named as Leader among 7 other companies, including dacadoo, Atidot, and Aureus Analytics.

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Gradient AI's Products & Differentiation

See Gradient AI's products and how their products differentiate from alternatives and competitors

  • Underwriting Platform

    Gradient’s Underwriting Platform utilizes artificial intelligence and machine learning to provide real-time and automated solutions built to augment internal underwriting departments. Gradient combines your data with additional data sets curated by Gradient to complement your policy history. We use millions of policies, claims and demographic data sets to provide you with pricing insights far beyond what your underwriters can glean from a traditional application. Specific solutions include: Risk Ranking Broker Analytics Claims Severity Loss Ratio Targeting Premium Leakage Payroll Class Codes Group Benefits Underwriting

    Differentiation

    The Most Accurate and Automated AI Models 

    Available In The Insurance Industry 

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    Differentiation

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    Differentiation

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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 4 CB Insights research briefs, most recently on Apr 20, 2022.

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 3 Expert Collections, including Insurtech.

I

Insurtech

2,509 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

9,093 items

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

F

Fintech

7,442 items

US-based companies

Latest Gradient AI News

Builders Selects Gradient AI to Boost Accuracy of Underwriting, Support Growth in Key Markets

Jul 20, 2022

Solution Assesses Risk More Accurately and Quickly Enhancing the Agent and Customer Experience July 20, 2022 08:57 AM Eastern Daylight Time BOSTON--( BUSINESS WIRE )-- Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry announced today that Builders, a leading mutual insurance company, has adopted its solution to streamline and improve its underwriting process to support future expansion. Builders manages complex, high-severity risks for a variety of industries including construction, retail, hospitality, and manufacturing, among others. As the insurer began to grow geographically and across new industries, it was looking to improve its underwriting process, which was based on traditional, linear pricing methods, to one that could discern and leverage the nuances of complex risks. Builders chose Gradient AI’s product to enable their agents to evaluate risks with greater precision and speed allowing them to capture more business and decrease loss ratios. “A key component of Builders’ growth strategy is to leverage innovative technologies to improve our profitability, service and performance,” said Mark Gromek, chief marketing and underwriting officer for Builders. “Gradient AI’s solution enables us to price policies more competitively and assess risks more accurately while delivering the best possible agent and customer experience. Underwriting is part art and part science. Gradient AI allows our underwriters to combine their art with fact-based predictive data, giving them a much stronger basis for making decisions. We believe its technology gives us the complete picture of risk, and that’s a competitive advantage.” “We are excited to have an innovative enterprise like Builders as a client and we look forward to helping them continue to grow their strong franchise with our leading underwriting solution,” stated Stan Smith, founder and CEO of Gradient AI. “They are clearly an innovator and leader in their market as both their recent growth and adoption of innovative practices and technologies demonstrate.” Builders, which has a 30-year history and deep insurance expertise in the construction industry, is expanding through strategic diversification into new territories and additional verticals. Builders’ commercial insurance products include innovative Workers’ Compensation, General Liability, Property, Umbrella, and Builders Risk Insurance delivered through independent agents and managing general agents. It considers the adoption of Gradient AI’s underwriting platform as a strategic element in its expansion plans. About Builders Headquartered in Atlanta, Builders delivers innovative Workers’ Compensation, General Liability, Property, Umbrella, and Builders Risk Insurance through independent agents. Founded in 1992, the company has evolved into a dynamic, financially strong mutual with a philosophy of deeply supportive partnerships and exceptional expertise. Builders is an AM Best A rated company with more than $1 billion in total assets. The company has more than 17,000 policies in force. For more information, please visit our website at www.bldrs.com . About Gradient Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry. Its solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation. Unlike other solutions that use a limited claims and underwriting dataset, Gradient's software-as-a-service (SaaS) platform leverages a vast dataset comprised of tens of millions of policies and claims. It also incorporates numerous other features including economic, health, geographic and demographic information. Customers include some of the most recognized insurance carriers, MGAs, TPAs, risk pools, PEOs and large self-insureds across all major lines of insurance. By using Gradient AI’s solutions, insurers of all types achieve a better return on risk. To learn more about Gradient, please visit: https://www.gradientai.com . Contacts

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  • When was Gradient AI founded?

    Gradient AI was founded in 2018.

  • Where is Gradient AI's headquarters?

    Gradient AI's headquarters is located at 321 Summer St., Boston.

  • What is Gradient AI's latest funding round?

    Gradient AI's latest funding round is Series B.

  • How much did Gradient AI raise?

    Gradient AI raised a total of $30.95M.

  • Who are the investors of Gradient AI?

    Investors of Gradient AI include MassMutual Ventures, Sandbox Insurtech Ventures, Forte Ventures, American Family Ventures, Stone Point Capital and 6 more.

  • Who are Gradient AI's competitors?

    Competitors of Gradient AI include Zesty.ai, MotionsCloud, Verikai, Windward, Insurity, Friss, DreamQuark, Akur8, Lapetus Solutions, Praedicat and 18 more.

  • What products does Gradient AI offer?

    Gradient AI's products include Underwriting Platform and 2 more.

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