Gradient AI secures growth capital from CIBC Innovation Banking

CIBC Innovation Banking provided growth financing to Boston-based Gradient AI , a provider of artificial intelligence solutions for the insurance industry. The funding will support the company’s growth and continued development of its platform, which helps insurers improve loss ratios by predicting underwriting and claims risks, while also reducing quote turnaround times and claim expenses through automation.

“While we are thrilled to secure this investment from CIBC Innovation Banking, it is now up to us to continue to address the industry challenges by enhancing our platform and delivering unparalleled value to our customers. Insurers are becoming increasingly sophisticated in their risk assessment, yet challenges still arise. We are focused on helping them achieve these goals by automating processes, reducing costs, and significantly improving results.” – Stan Smith, CEO of Gradient AI.

Gradient AI is backed by Centana Growth Partners, MassMutual Ventures , Sandbox Insurtech Ventures, and Forte Ventures.

“We are excited to work with and support the Gradient AI team as it continues to expand its market footprint and transformational solutions across the insurance industry. The team’s innovative approach to leveraging artificial intelligence is reshaping how insurers assess risk, manage claims, and deliver value to their customers.” – George Bixby, Director at CIBC Innovation Banking.