WIRE)--Gradient AI, the leading enterprise software provider of artificial intelligence solutions in the insurance technology space, announced today that it has raised $6.0 million in a Series A financing led by Forte Ventures and Sandbox Insurtech Ventures. The round also includes participation from Gradient's existing investor MassMutual Ventures. Gradient's artificial intelligence helps commercial insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. The Gradient software-as-a-service (SaaS) platform boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with several economic, health, and litigation datasets. This robust aggregation of data provides out-of-the-box claims and underwriting precision for new clients, and it is continuously refined with client-specific data over time.

US insurtech company Gradient AI, which uses artificial intelligence-based solutions, has secured $6.0 million in a Series A financing round led by Forte Ventures and Sandbox Insurtech Ventures. The financing round also saw participation from MassMutual Ventures, the company's existing investor. Gradient AI said that its artificial intelligence solutions enable commercial insurers to automate and enhance underwriting results, bring down claim costs, and deliver operational efficiencies. The company's software-as-a-service (SaaS) platform is said to have a dataset made up of tens of millions of claims, which is complemented with various economic, health, and litigation datasets. According to Gradient AI, the strong aggregation of data offers out-of-the-box claims and underwriting precision for new clients, and that it is being refined continuously with client-specific data.