Horizon Technology Finance Provides Venture Loan Facility to Groundspeed Analytics
Groundspeed has developed an industry-leading human-in-the-loop AI platform that captures, structures, and delivers complete risk data to commercial P&C insurance carriers so they can make faster, smarter underwriting decisions. By quickly turning data into actionable insights, the platform helps carriers increase efficiency and win more business. Groundspeed is backed by premier investors including
"Groundspeed's platform is solving one of the insurance industry's most challenging problems by accelerating the insurance submission process and making commercial P&C carriers more productive," said
"We are excited to receive Horizon's support to help scale a truly innovative platform that has already proven itself with leading commercial carriers," said
Groundspeed Analytics is the leading SaaS-delivered application submission and data services provider for the commercial P&C industry. Groundspeed's API-based solution automates the ingestion and enrichment of unstructured risk information in policy applications. As a result, they provide essential insights to help carriers better assess and price risk and do so more quickly than traditional manual processes. Groundspeed leverages its unique, industry-leading contributory dataset, which enriches submission document data combined with predictive analytics. In addition, it can further enrich functionality by integrating 3rd-party data, including address corrections, geocoding, VIN# checking, vehicle information, and NAICS/SIC and DUNs information about the insured. To learn more about how Groundspeed can help unlock the value in your unstructured data, visit www.groundspeed.com.
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company's filings with the