Insurance data intelligence provider Percayso Inform (Percayso) has raised £3.4m in a round led by Manchester-based venture capital investor Praetura Ventures.
Launched in the UK insurance market in 2019, Percayso’s data and intelligence hub ingests and adds value to a vast array of powerful datasets to provide insurance intelligence services to insurers, brokers and MGAs in personal and commercial lines.
Percayso’s technology aggregates data from many different sources, allowing intelligence to be accessed with a simple API call at significant volume. The InsurTech said this empowers insurance providers to use its platform to intuitively build, adapt and optimise their own data enrichment, rating and intelligence strategies.
The company said its platform and advanced tech allows insurance providers to take control of their own strategies and deployment by enabling rules and models to be used in their own environments via a SaaS model.
Percayso said the investment will see its product development gather pace and enable the business to enter new sectors of the UK insurance market.
David Foreman, managing director at Praetura Ventures, said, “Their [Percayso’s] team has built a valuable tool that can clearly help insurance providers to get more from their data and create a real advantage. We’re so excited to welcome them into the portfolio and help them reach the next level.”
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