Connecticut Innovations Invests $750,000 in Aureus Analytics Markets Insider

ROCKY HILL, Conn., Jan. 31, 2019 /PRNewswire-PRWeb/ -- Connecticut Innovations (CI), Connecticut's strategic venture capital arm and the leading source of financing and ongoing support for Connecticut's innovative, growing companies, today announced the closing of a $750,000 investment in Aureus Analytics (Aureus), a provider of AI and a predictive analytics platform for the insurance industry. Aureus was selected as an early winner of VentureClash and is the first company to receive an investment from the VentureClash 2018 competition. CI's investment is a part of a total fundraise of $3.1 million, which also included participation from other funds including Multi-Act, Alpine Meridian and additional investment by existing investors. "From the strength of the management team to the prowess of their analytics solutions, we have been very impressed with Aureus's progress and prospects," said Peter Longo, senior managing director of investments at CI. "Their new headquarters in Hartford will allow them access to major insurers in the United States and accelerate their growth in this market." Aureus provides insurance industry solutions hosted on an artificial intelligence platform that combines both explicit and implicit data to measure the customer experience in real time to determine a SentiMeter score for customers. In addition to participating in the VentureClash competition, Aureus also was selected to be part of the inaugural Hartford InsurTech Hub and subsequently expanded its presence to Hartford at the conclusion of the program.