Intelligent AI raises nearly £1m and launches South West recruitment drive.
An Exeter-based artificial intelligence start-up whose founder was inspired to change the commercial insurance sector by the Grenfell Tower disaster has raised close to £1m in funding – and has just started a recruitment drive across the South West.
Intelligent AI, which uses artificial intelligence to accurately assess risk in the commercial property insurance sector, is aiming to save the insurance industry £500m a year as it launches in the UK and US.
The company has developed an online Intelligent Risk platform using 300 real-time data sources ranging from weather and flood risks to crime rates and fire service response times. Its software helps address the imbalance between accurate premiums and actual claims.
