DreamQuark raises €14M for its AI software Brain

Paris-based DreamQuark announced it has raised €14 million led by Alma Mundi and joined by AG2R LA MONDIALE, NewAlpha Asset Management and Keen Venture Partners, with the continuous support of its historical shareholder CapHorn.

Established in 2014, the company develops a software platform called Brain that can be used to load and process data, deploy, integrate and monitor AI models. Insurance companies can use Brain to increase the sales of insurance products. “They build better cross-sell and up-sell strategies and reduce churn. Business teams deploy recommendation engines based on explainable AI to augment their sales people and agents. They also fight AML in life insurance.”