NEW YORK, August 28, 2024 – CB Insights today named Wisedocs to its third annual Insurtech 50, showcasing the 50 most promising private insurtech companies in the world.

“The 2024 Insurtech 50 winners are high-momentum companies shaping the future of insurance today,” said Chris Sekerak, Senior Analyst at CB Insights. “From AI-powered products to commercial insurance innovation, these startups are realizing many of the industry's biggest opportunities.”

“It’s an honour to be included in CB Insights’ Insurtech 50 list” says Connor Atchison, Founder & Chief Executive Officer of Wisedocs. “To be recognized for the work we are accomplishing within the insurtech space to deliver streamlined and meaningful medical summaries and reviews is a true testament to our team’s dedication to innovation and transforming the claims process with AI-driven solutions. We’re excited to continue pushing the boundaries and making a lasting impact in the industry for a modernized claims process.” 

Utilizing the CB Insights platform, the 50 winners were chosen based on several factors, including CB Insights datasets on deal activity, industry partnerships, team strength, investor strength, patent activity, employee headcount, and proprietary Commercial Maturity and Mosaic Scores. We also dug into Analyst Briefings submitted directly to us by startups.Insurance carriers, legal firms, as well as third-party medical examiners within the insurance ecosystem leverage Wisedocs’ AI-driven platform to efficiently deliver meaningful reviews of complex medical records. With recognition from the industry such as Forbes Cloud 100 Rising Star, Wisedocs is poised to continue its role as a market leader in the industry to manage the claims process within an intelligent technology platform leveraging state-of-the-art generative AI. Following an oversubscribed Series A financing round of $12.7M in January 2024, and raising $4.5M in growth capital financing from CIBC Innovation Banking, Wisedocs is focused on continuing its product growth and expansion to serve the market.

Quick facts on the 2024 Insurtech 50:

• 500+ business relationships since 2020, including with industry leaders like Swiss Re and Tokio Marine.
• More than a dozen countries represented, spanning Asia, Australia, Europe, and North America.
• $5.6B in equity funding raised over time, including $1B in 2024 so far (as of 8/19/24).
• 40% of winners are early-stage insurtechs, from AI assistants to embedded insurance platforms.

About CB Insights

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About Wisedocs

Wisedocs is the medical record indexing, review, and AI summaries software platform for insurance carriers, healthcare providers, law firms, and TPAs. The company serves the auto, liability, disability, workers’ compensation, tort law, and similar markets. It provides an easy-to-integrate solution for improved accuracy and speed to deliver improved outcomes in processing medical records. Wisedocs raised $12.7M in an oversubscribed series A round in 2024 and launched their game-changing AI Medical Summaries platform in 2023. Launched in 2021, and expanded across North America, Wisedocs is at the forefront of change in the claims ecosystem.

Contact:   

Jenna Earnhaw, Co-Founder & COO, jenna@wisedocs.com

Amy Mingopoulos, Marketing Coordinator, marketing@wisedocs.com