InsurTech Archipelago raises $34mn in series B led by Scale Venture Partners
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InsurTech Archipelago raises $34mn in series B led by Scale Venture Partners

Archipelago logo money fundraise.jpg

Archipelago, the property insurance software start-up led by RMS founder Hemant Shah, has raised $34mn in series B funding, in a deal that values the company at $184mn.

Archipelago uses artificial intelligence (AI) to pull property risk data from images, building blueprints, and written documents to give brokers and underwriters a better understanding of client asset portfolios.

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