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Insurify Mlbased 100m Series Azevedotechcrunch
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Insurify Mlbased 100m Series Azevedotechcrunch

    Insurify, a startup that’s using machine learning to help insurance companies price their policies more accurately, has raised $100 million in a series A round of funding led by Azevedo Tech. Other participants in the round include IDG Ventures, Vertex Ventures, Nationwide Insurance, and MassMutual Ventures. Founded out of Cambridge, Massachusetts in 2013, Insurify has now raised a total of $153 million. The company’s technology platform relies on machine learning algorithms that analyze “billions” of data points in order to help insurance carriers price policies more accurately for specific customers. That, Insurify argues, should lead to both happier customers (who are getting a fair price) and improved bottom lines for the insurance companies (who can avoid...