Allium Data, a Boulder, CO-based insurtech SaaS company, raised $750K in Pre-Seed funding.
The round was led by Markd.
The company intends to use the funds to accelerate its growth and go-to-market strategy for all platform products.
Led by CEO Michael Rost, Allium Data provides the data intelligence industry with novel products that solve data transparency, data integration, and data analytics issues.
Established in 2022, the company has several products currently in market. Its data analytics product sources and digitizes current in-force policy and premium data. With nearly 40,000 policies and $10,000,000,000 of premiums analyzed, agents, brokers, and carriers can use this information to better prospect, price risk, and develop market insights.
Extending from this core product, Allium introduces technology to automatically parse, analyze, and structure insurance data. Powered by state-of-the-art machine learning (ML) and generative artificial intelligence (AI), this product has been designed to empower insurance brokers by streamlining the client administration process.