Polygrade raises $6.3 million

Polygrade, a claims management platform for the warranty industry, emerged from stealth with $6.3 million in funding from Construct Capital, American Family Ventures and Nine Four Ventures.

Starting with home warranty, Polygrade uses AI agents to perform claims work, from triage and authorization to parts sourcing and contractor payment.

Polygrade is already in production with enterprise warranty companies, including Fidelity National Home Warranty, and works with suppliers including Encompass, UED, Sibi and Marcone.

“Warranty is a massive industry that never really got its modern software moment. The technology that exists is largely designed to keep track of a claim and move it through a workflow. We built Polygrade to understand the claim and act on it. If AI can help determine what’s wrong before a contractor gets in a truck, find the right part at the right price, make an authorization decision and get a contractor paid faster, the economics of the entire claim change.” – David Steckel, Founder and CEO of Polygrade.