About Verikai
Verikai provides a predictive data and risk platform specifically designed for the insurance industry. The platform uses AI-powered machine learning to generate Capture scores, which offer insights into the behaviors of millions of individuals. These insights help insurance companies make more accurate risk assessments, leading to improved underwriting precision and efficiency. Unlike many competitors, Verikai focuses solely on the insurance sector, tailoring its services to meet the unique needs of insurers. The company's goal is to enhance risk evaluation processes for its clients, ultimately driving profitable growth through a subscription-based service that ensures consistent value and revenue.
San Francisco, CaliforniaHeadquarters
2018Year Founded
$5.8MTotal Funding
ACQUISITIONCompany Stage
AI & Machine Learning, Financial ServicesIndustries
11-50Employees
Risks
Increased competition from other AI-driven insurance technology firms.
Data privacy regulations may impact data collection and utilization.
Economic downturns could reduce insurance companies' spending on new technologies.
Differentiation
Verikai uses AI and machine learning for precise insurance risk assessments.
CaptureHealth and Capture360 offer comprehensive health risk analysis with SDoH factors.
Verikai's subscription model ensures steady revenue and client value.
Upsides
Growing demand for AI-driven underwriting boosts Verikai's market potential.
CaptureHealth and Capture360 address comprehensive healthcare risk analysis needs.
Acquisition by American Financial Group enhances resources and market reach.
Funding
Total raised$5.84 M
Latest valuation$120.00 M
StageACQUISITION
ACQUISITION
12/31/2021$120
$120.00 MSERIES A
6/30/2020$6
$30.00 M