Insurtech Koop Technologies Raises New Funding To Scale Distribution

Jul 17, 2023•about 2 years ago

PittsburghInformation Technology

Investors

Sure VenturesWest Wave CapitalBee PartnersUbiquity VenturesFusion FundLloyd's Of LondonAlley Robotics Ventures

Description

PITTSBURGH, PA / July 17, 2023 / Koop Technologies ("Koop"), an insurance technology company focused on the robotics ecosystem, has announced new funding to scale the distribution of its flagship insurance program in partnership with Lloyd's of London and several world-class insurance carriers. Koop will use the new capital to promote its products across multiple distribution channels and invest in further product development. The round was led by Alley Robotics Ventures, a New York-based investor focused on transformative ventures in the field of robotics, with participation from Fusion Fund and existing investors Ubiquity Ventures, Bee Partners, WestWave Capital, and Sure Ventures.

Company Information

Company

Koop Technologies

Location

100 S COMMONS

Pittsburgh, Pennsylvania, United States

About

We're hiring! Please contact us if you are interested in exploring exciting positions across software engineering, product development, insurance, and sales at Koop Insurance. Koop Insurance is an insurance technology company specializing in autonomous vehicles, robotics, and emerging technology risks. We built a full-service, API-powered insurance platform that enables data collection, underwriting, and claims handling of automation risks in a cost-efficient, scalable manner. We distribute a suite of proprietary commercial insurance products through multiple channels. Our mission is to protect the world from a new generation of risks and accelerate the adoption of AV-based services across the world. We serve a variety of autonomous transportation modes such as robotaxis, autonomous trucks, shuttles, deliveries, industrial robotics, agricultural machinery, mining, vessels, and drones. Our technical approach to autonomy insurance would not be possible without our talented engineering, modeling, and business development people that push forward autonomous vehicle data applications in insurance. Please consider joining our growing team to help facilitate our autonomous future!

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