
DeepVector
Loss Scan streamlines the extraction, organization, and analysis of data from complex insurance documents, including loss runs and ACORD forms.
Date | Investors | Amount | Round |
---|---|---|---|
* | $1.5m | Seed | |
Total Funding | 000k |
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Loss Scan is a cutting-edge solution designed to streamline the process of converting PDF Loss Runs into importable data, catering primarily to insurance professionals. By leveraging advanced AI technology, Loss Scan automates the traditionally time-consuming task of inputting loss data, significantly enhancing both accuracy and efficiency. The platform operates within the insurance market, providing a seamless integration of data into existing systems, thus saving users valuable time and resources. The business model revolves around offering a subscription-based service, allowing clients to access the platform's capabilities and benefit from its data conversion and organization features. Revenue is generated through these subscriptions, as well as potential future offerings such as enhanced reporting functionalities. The founders, with a proven track record from their previous venture Modgic, bring a wealth of experience to Loss Scan, ensuring a reliable and effective service. The platform's secure and user-friendly dashboard further facilitates data extraction and management, positioning Loss Scan as a vital tool for insurance data handling.
Keywords: AI-driven, data conversion, insurance, PDF Loss Runs, efficiency, accuracy, automation, subscription-based, data extraction, user-friendly.