Google's AI venture fund is leading a $3.85 million round into a startup that's trying to reinvent the industry for homeowners insurance

Gradient Ventures, Google's AI-focused venture fund, led the round, with participation from lFlyreel uses a combination of artificial intelligence and computer vision to help reinvent the underwriting experience for property insurance.

was a"splashy" entrance, but generated more demand than the very young company could manage. With additional funds and backing from experts in AI and insurance industries, Winans is optimistic. "What we've learned is that people will scan their homes and actually wonder how their carrier did [underwriting or inspections] before. They say 'How did I know I was covered?' There is a huge amount of people that are underinsured, and there's a lot of churn in the market because of this [uncertainty]," Winans said.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A member of Google's now-dead AI ethics board is furious with the company for killing the project after a weekGoogle experienced an intense employee backlash after it announced its new AI ethics council. Disappointing Too risky. You seen Terminator 2?. Those AI Facebook robots were taking to one enough in their own language. Turned them off. LOL! Google + Ethics = Oxymoron
Source: BusinessInsider - 🏆 729. / 51 Read more »