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FurtherAI gets $4M in funding to further AI automation in the insurance sector

  • FurtherAI Inc., an AI startup, has secured $4 million in funding to advance AI automation in the insurance industry.
  • The funding round was led by Nexus Venture Partners, with participation from Y Combinator, ConvergeVC, Pioneer AI Fund, South Park Commons, and Xceedence.
  • FurtherAI's AI agents have demonstrated 140% higher accuracy in processing insurance claims compared to manual processing by humans.
  • The startup plans to develop and expand more specialized AI agents for the insurance industry, particularly targeting automation in the UK market.

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