Talem Health raises $1.8 million

Boston-based technology company for auto insurers Talem AI announced it closed a $1.81 million seed round led by Build Ventures, with participation from Innovacorp, HOLT Accelerator, all existing Angel investors and new Angel investors.

Founded in 2016, Talem’s platform utilizes AI, clinical expertise, and forensic science to allow insurers to predict claims costs earlier and more accurately. The company (a team of ~7) plans to launch its AI enabled predication platform to 35 US states by the end of 2021. Talem Health works with P&C insurer Guidewire.

“We see the Talem platform as a positive disruptor for the auto insurance sector. This financing will enable them to truly expand their industry reach.” – Rob Barbara, General Partner at Build Ventures.

“Having injury insights early in a claim cycle can benefit not only insurers, but customers too, by making early care a priority. We’re changing the process up front, and that helps everyone involved.” – Paul Travis, CEO & Cofounder of Talem.

“Our technology provides insurers with the ability to price themselves more competitively, too. We’re changing the way auto insurers assess claims.” – Matthew Kay, COO and Cofounder of Talem.