Canadian Start-Up, Quandri, to “Insure” Productivity Through Use of Bots
Canadian-based technology start-up, Quandri, has developed bots to automate time-consuming, repetitive and manual tasks for the insurance industry, specifically brokers. Quandri claims to have helped insurance firms save “thousands of hours in lost productivity” to date.
Quandri has experienced exponential growth since its launch in 2021, as the insurance industry has been forced to digitize much of its functions during the pandemic, become more open to adopting new solutions, and contend with a tight labour market. Quandri’s CEO does not foresee this trend slowing down, stating that the company is expected to generate ten times its annual recurring revenue from 2021.
To keep up with the demand, Quandri closed a $2 million CAD seed funding round. Quandri plans to use this funding to expand its team and launch three new bots this fall.
Authors
Expertise
Insights
-
Technology
CanCode, Digital Literacy Program, Receives $39.2 Million in Federal Funding
From establishing the Digital Charter to earmarking $2.4 billion for the artificial intelligence (“AI”) industry in the 2024 federal budget, the Canadian government has consistently demonstrated its… -
Technology
Virtuix Announces Launch of their Omni One VR Treadmill
Virtuix recently revealed it will be launching a virtual reality treadmill—called Omni One—on September 10, 2024. The first of its kind, Omni One allows users to experience the locomotive elements of… -
Technology
WELL Health Plans to Spin Out and Publicly List WELL Provider Solutions
WELL Health (WELL) has announced its plans to spin out and publicly list WELL Provider Solutions (WPS), the company’s Software-as-a-Service (SaaS) business unit.WELL, founded in 2012 and listed on the… -
Technology
Perceptive Space Raises $3.9 Million to Predict Space Weather Using AI
Perceptive Space, a Canadian aerospace startup, closed a CAD $3.9 million (USD $2.8 million) pre-seed funding round. This marks the company’s first external funding to date. The round was led by… -
Technology
Advancing Femtech: Flo Health Secures $200 Million in Series C Funding
Flo Health is a London-based startup that designed a health app for fertility and period-tracking. On July 30, 2024, it raised $200 million in Series C funding from General Atlantic. Flo Health is now… -
Technology
The Microsoft and NVIDIA Collaboration
As modern medicine develops, it increasingly relies on technological advancements. One of the more recent and major examples of this is Microsoft’s collaboration with NVIDIA to bring the power of…