Nexus: Further AI: $5 Million Raised For Helping Commercial Insurers Reduce Expense Ratios by 50%

Further AI, a company that has developed AI Assistants that handle complex insurance tasks, announced it has raised $5 million in new funding. Nexus Venture Partners led this new funding round through their $700 million AI-dedicated fund and will help Further AI to advance its mission of reducing expense ratios by 50%. This funding round also includes support from early-stage funds like Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, and strategic investors like Xceedance. The post Further AI: $5 Million Raised For Helping Commercial Insurers Reduce Expense Ratios by 50% appeared first on Pulse 2.0.