INSHUR bags $35m to expand AI and AV insurance in US

INSHUR bags $35m to expand AI and AV insurance in US

INSHUR has secured a $35m funding round from Trinity Capital to accelerate its growth across the US and support its ambitions in the autonomous vehicle insurance market.

The funding will help the InsurTech strengthen its route to profitability while developing innovative insurance solutions for capacity insurers, platform partners, and drivers operating in the on-demand economy.

The company plans to channel the investment into advanced research and development, focusing on deploying AI technologies that will bolster underwriting and enable real-time pricing.

This technology is particularly vital as autonomous vehicles continue to expand within the on-demand transport sector, requiring insurance providers to pair technical expertise with an in-depth understanding of the unique risks associated with AV operations.

INSHUR is also aiming to scale its on-demand insurance offerings for major platform operators, including Uber and car rental services, following the launch of its ‘Period Z’ programme for on- and off-rental insurance for fleets.

INSHUR CEO and co-founder Dan Bratshpis said, “This raise reflects our disciplined approach to insurance solutions for the on-demand economy. With Trinity Capital’s support, we’re accelerating our U.S. footprint, expanding key partnerships, and advancing our position in the future of insurance for autonomous mobility – all whilst laser-focused on profitability.”

INSHUR group CFO Tal Brener added, “We are in a consistent >50% CAGR since 2023. With our new products and solutions being deployed during this year, and our investment in AI, we are on a trajectory to accelerate this growth. Along with our clear path to profitability, we aim to cross the $100m revenue run rate in less than a year to cement our position as a world class leader in insurance for the on-demand economy.”

INSHUR’s platform currently operates globally, simplifying commercial insurance for on-demand drivers, fleet operators, and delivery drivers, with over 1 million policies sold in the UK alone.

Trinity Capital director of tech lending Jack McNamara said, “INSHUR’s deep market knowledge, technology-first approach, and data-driven strategy make them a leader in the commercial auto insurance space, especially within the booming on-demand economy. We are excited to partner with the team at INSHUR as they work to redefine the future of insurance.”

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