Amsterdam-based MarvelX has successfully secured $6M in seed funding led by EQT Ventures, focusing on AI solutions for claims and compliance in the insurance sector. The funds will aid in developing ClaimOS MaX, which aims to streamline the claims handling process, addressing inefficiencies in the industry. With a team experienced in both AI technologies and the regulatory challenges of finance and insurance, MarvelX aims to reshape operational workflows, promising to automate up to 90% of tasks. The investment reflects growing confidence in AI's potential within this underserved market.
MarvelX is building a next-generation vertical AI company in one of the most operationally complex and underserved industries. Their team combines deep AI expertise with real understanding of the regulatory and data challenges insurers, banks, and wealth managers face every day. We're proud to partner with them to help transform this space.
Currently investing from its third fund, which is valued at â¬1.1B, the firm claims to be one of Europe's largest early-stage funds.
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