Deep Vector, an AI platform for analyzing underwriting documents, has raised $1.5M in a seed round led by Aperture Venture Capital and InsurTech NY.
Deep Vector helps insurers and brokers transform analog underwriting documents into usable data using proprietary algorithms and machine learning.
The platform aims to become the default translation layer for insurance data extraction and has already been adopted by over 30 of the top 100 insurance brokerages.
Co-founders Scott Knowles and Wesley Janse van Rensburg envision Deep Vector automating the extraction of valuable claims data and liberating insurance professionals to focus on risk management and advisory.