Groundspeed, now part of Insurance Quantified, is a leading data solution for the commercial P&C industry. The API-based platform automates the ingestion and enrichment of unstructured risk information in policy applications, providing insurers with essential insights to better assess and price risk. This process is significantly faster than traditional manual methods. Founded in 2016 and headquartered in the United States, Groundspeed was acquired by Insurance Quantified in June 2023, a notable move that solidifies their position in the industry.
With their focus on analytics, insurance, and insurtech, the company received a significant Series C investment on January 6, 2021, from Insight Partners and Oak HC/FT. This investment signifies the confidence of prominent industry investors in Groundspeed's vision and potential for growth in the commercial insurance sector.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series C | Unknown | 2 |
|
06 Jan 2021 |
| Series B | $30.00M | 1 |
|
26 Jul 2018 |
| Series A | $2.00M | 4 |
|
04 Apr 2017 |
No recent news or press coverage available for Groundspeed, now part of Insurance Quantified.
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