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.