Intelligent AI, a South West England-based InsurTech firm, has successfully completed a funding round, raising £800,000 with the backing of regional investors such as the Cornwall and Isles of Scilly Investment Fund and Angel Investors Bristol. The company, which operates out of Newquay and Exeter, is part of the Tech South West Growth Forge accelerator programme. Intelligent AI has developed an advanced digital solution using AI, digital twins, and data analytics to enhance the accuracy and efficiency of property risk assessments, drastically reducing the time needed for inspections. The funding will aid in doubling the company’s workforce and expanding its national presence. Anthony Peake, founder and CEO, highlighted the importance of regional innovation and networking opportunities in the firm’s growth. The company aims to address the underinsurance issue prevalent in the market, where 80% of properties are underinsured by up to 50%. Intelligent AI has also secured a multi-million-pound UK reseller agreement to market its platform.
InsurTech, Artificial Intelligence, Technology,United Kingdom, South West England