iCover, a Missouri-based insurtech that provides algorithmic underwriting for insurance companies, has raised $5 million in Pre-Series A funding.
The lead investor for the round was Kesan Parasuraman, a private investor who also led iCover’s seed round in August 2021. The company will use the funds raised in the latest round to increase technical staff, expand sales and marketing, and bolster research and development efforts related to its AI underwriting framework and private blockchain network.
iCover is currently working with six insurance companies and launching a range of products, including income protection, final expense, and
