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Economic Times

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Image Credit: Economic Times

AI assistant startup FurtherAI raises $5 million in round led by Nexus Venture Partners

  • FurtherAI, an AI assistant startup for insurance automation, has raised $5 million in a seed funding round led by Nexus Venture Partners.
  • The funds will be used to expand the AI team, drive industry engagement, and enhance product capabilities.
  • The San Francisco-based startup automates complex document processing and improves underwriting, compliance, and claims processing.
  • FurtherAI is expanding into the UK, where insurers are accelerating AI adoption for underwriting and claims processing.

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