Insurtech Ethos Valued at $2.7 Billion After SoftBank Investment

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"We're excited about it," Peter Colis, Ethos CEO and co-founder, said of the SoftBank investment. "It's more capital to fuel our mission of protecting families." Ethos plans to use the funds to build out its engineering and products team, as well as for research and development. Employees currently number about 200 people and are expected to jump to 350 to 400 by the end of the year, he said. SoftBank's investment is coming from its $30 billion Vision Fund 2. The pool typically focuses on companies that use artificial intelligence like Carro, the Singapore online car marketplace; DiDi, the Uber of China; and eToro, the Israeli online stock brokerage.

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  Industry: Banking & Finance > Insurance (1.00)

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