Xceedance invests in Friendly

Xceedance has made an investment in Friendly , an AI company focused on underwriting, claims, and risk assessment in the life and health space.

Friendly’s platform turns medical and third-party data into structured insights for underwriters across life, disability, long-term care, critical illness, casualty, and reinsurance lines.

Founded in 2019, Friendly has raised $1.2 million to date and has a team of 39 employees.

The two companies plan to collaborate on additional initiatives to expand Friendly’s platform and bring AI-powered tools to more reinsurers and primary carriers.

“Xceedance brings transformative solutions to the insurance industry. Friendly’s AI-driven technology stands out for its ability to enhance underwriting and claims decisions with speed, accuracy, and security. This investment reflects the shared vision of Xceedance and Friendly to make life and health insurance operations more intelligent and efficient, and we look forward to collaborating on innovations that will benefit our clients worldwide.” – Arun Balakrishnan, CEO of Xceedance.