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October 29, 2019updated 30 Oct 2019 1:58pm

Insuretech Sensely gains $15m in funding to expand in new markets

US-based digital health and insuretech firm Sensely has raised $15m in a funding round led by Aflac Corporate Ventures, the venture arm of supplemental insurance provider Aflac.

The round was also joined by healthcare firm NMC, Susquehanna International Group, Nippon Life, Sojitz Corporation, Silicon Valley Bank as well as Zuellig Pharma.

The company’s existing investors such as Chengwei Capital, Mojo Partners, and Pegasus Tech Ventures also participated.

Sensely intends to use the proceeds to further develop its insuretech platform and forays into tnew markets.

The insurtech firm offers a multi-lingual platform powered by AI that leverages a voice-enabled character interface and can be seamlessly integrated with existing enterprise technology infrastructure.

A number of companies are currently using the solution in the Netherlands, China, Hong Kong, the US, the UK, the UAE, Japan, Australia, and Switzerland for insurance underwriting, claims management, symptom checking, among others.

Aflac Corporate Ventures president Nadeem Khan said: “We’re excited to be partnering with Sensely. The team has skillfully addressed many of the product elements we believe are required for success with large enterprises in highly regulated industries.

“In addition, the company’s approach to enabling expedited cross-border launches adds a crucial element that is highly attractive to multi-geography operations.”

Sensely CEO and co-founder Adam Odessky said: “While we are pleased with our progress over the past year, especially the rollout of our software development kit, we have many important challenges ahead.

“This funding will ensure that we can strike a balanced approach, continuing to serve our existing partners, while also evolving the platform for the next wave of requested capabilities.”

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