The companies that are out there in the market, in order to serve their objectives better, need significant funding. In particular, for startups, fundraising is crucial to harness their rich potential to contribute to the growth of their respective industry and market. Without a funding source, a business, specially technology-business will flounder under the weight of its own debt. With the advancements in technology, the requirements, assets, and liabilities of such firms have grown exponentially in recent years. Amid this, funding works as a fuel on which a business runs and excels. When it comes to technologies like omnipresent AI or artificial intelligence, the pressure naturally increases to thrive in the market where big techs like Google, Microsoft, and significant others are operating.

Small businesses are generally unprepared for unforeseen catastrophes, surveys show. A whopping three-fourths of U.S.-based outfits say they don't have an insurance policy that meets their unique needs, while 40% admit they don't have coverage of any kind. Of course, the latter are on the hook for incidents like client complaints, contract disputes, and employee injuries, in addition to burglary or theft and customer injury -- all of which can amount to hundreds of millions of dollars in repairs and remedial disbursements. That's why in 2017 former McKinsey business analyst and Morgan Stanley associate Bryan O'Connell founded Huckleberry, a carrier built on a robust cloud-based software and data science and analytics backend. The San Francisco-based company ambitiously aims to digitize the purchase and management of commercial insurance, a category of coverage that's notoriously slow to acquire and which historically has been wrapped up in layers of bureaucracy.