FRISS Raises $65 Million in Series B Round Led By Accel-KKR

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FRISS (Utrecht, Netherlands), a provider of AI-powered fraud, risk and compliance solutions for property/casualty insurance carriers, announced that it has closed a $65 million Series B funding round led by Accel-KKR (Menlo Park, Calif.), advised by FT Partners and endorsed by existing investor Aquiline (New York). A FRISS statement says the funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines of business expansions. FRISS, which currently serves insurers in over 40 countries, reports that it is on track to deliver over $2 billion in fraud savings to insurers in 2021 alone. The funding round follows FRISS’ April

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