Pie Insurance, an insurtech focusing workers' compensation, has launched following the closing of its seed funding round. The firm raised $4.3m from the round, which was led by Sirius Group, Moxley holdings and Elefund. The firm will initially offer a service to small and medium-sized businesses allowing enterprises to monitor workers' compensation insurance rates. Pie's CEO is David Slack, who previously worked at IBM where he helped develop IBM's Watson artificial intelligence system.
Pie Insurance, an insurtech focusing workers' compensation, has launched following the closing of its seed funding round. The firm raised $4.3m from the round, which was led by Sirius Group, Moxley holdings and Elefund. The firm will initially offer a service to small and medium-sized businesses allowing enterprises to monitor workers' compensation insurance rates. It plans to offer its own insurance policies by 2018.