Veruna, Inc. announced that it has received $10 million in funding from Berkley Ventures, LLC, Guidewire Software, Inc., CoVerica Inc., Keystone Insurers Group, Inc., EMC Insurance Group Inc.
October 16, 2023
Share
On October 17, 2023, Veruna, Inc. closed the transactio. The company has amended the terms of the transaction. The company received $10 million in the transaction led by new investors Berkley Ventures, LLC, Guidewire Software, Inc. and CoVerica Inc. The transaction included participation from returning investees Keystone Insurers Group, Inc. and EMC Insurance Group Inc.
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. Its platform combines core operations, digital engagement, analytics, and artificial intelligence applications delivered as a cloud service or self-managed software. Its core operational services and products include InsuranceSuite Cloud, InsuranceNow, and InsuranceSuite for self-managed installations. Its InsuranceSuite Cloud is a configurable and scalable product, delivered as a service and primarily comprised of three core applications, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud. Its InsuranceNow is a cloud-based application that offers policy, billing, and claims management functionality to insurers. InsuranceSuite Cloud is hosted on Amazon Web Services and managed by its internal cloud operations team. Its Data Platform collects data from InsuranceSuite Cloud and InsuranceNow, as well as other internal and external sources.
Veruna, Inc. announced that it has received $10 million in funding from Berkley Ventures, LLC, Guidewire Software, Inc., CoVerica Inc., Keystone Insurers Group, Inc., EMC Insurance Group Inc.