Quantemplate raises $12 million
Quantemplate has announced it has closed on more than $12 million in a recent funding round led by Route Sixty-Six Ventures and Transamerica Ventures, with participation from Anthemis Group, Allianz X, and Insight Catastrophe Group. The company also announced the general availability of its platform to the data-driven (re)insurance sectors following increased demand for licensing and implementation of the platform from global U.S. and European companies.
With approximately 20 large and mid-size customers already licensing the platform, the capital will support further market growth of the Company within key (re)insurance verticals and accelerated development of the Company’s product offerings.
Quantemplate’s self-service, cloud-based platform provides (re)insurers with access to the critical data that they need most to empower decision making, enable growth, identify new market opportunities and reduce costs. The platform utilizes machine learning for automated data ingestion, preparation and validation, creating real-time access to democratized data in a way that enhances scalability, productivity, and connectivity.
“With this recently secured round of funding, Quantemplate is primed and ready to present our proven technology to the (re)insurance industry. We are eager to provide the unique tools and insights customers need to make business processes more efficient, while at the same time appreciating a more comprehensive assessment of risk. Through the Quantemplate platform, we are taking what was once a complex process, simplifying and democratizing the data so that customers can adapt to the increasingly data-driven market.” – Quantemplate CEO David Lundgren.