Gradient AI (Legal: gradient A.I. Corp.)

Information Acquired

Underwriting AI, Claims Analytics, Predictive Analytics, Risk Selection, Group Health, Workers' Compensation, P&C Insurance

Claim Profile Website ↗

Founded 2012 (originally as a practice within Milliman; spun out as independent SaaS company in 2018)

HQ Boston, Massachusetts, United States (1 Marina Park Drive, Suite 305, Boston, MA 02210)

Employees 101–250 (Source: Crunchbase, LinkedIn); PitchBook reports 119 total employees

Last Round Venture Round

Runway Low risk — Last raise Jul 2024 ($56.1M Series C), less than 2 years ago. Revenue growth was 100%+ YoY as of 2022. Multiple strategic insurance investors provide ecosystem support. Company appears on strong growth trajectory with ~200 customers.

About

AI-powered underwriting and claims management platform for the insurance industry, leveraging a proprietary data lake of tens of millions of policies and claims to improve loss ratios and operational efficiency.

Last Round

Venture Round · $5M

GRAIN Score

Independent vendor assessment

0/100

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Revenue / ARR

$10M–$50M (Crunchbase estimate); LeadIQ cites $100M–$250M (appears overstated)

Employees

Growing — doubled staff in 2022; 101–250 current range

Runway

Low risk — Last raise Jul 2024 ($56.1M Series C), less than 2 years ago. Revenue growth was 100%+ YoY as of 2022. Multiple strategic insurance investors provide ecosystem support. Company appears on strong growth trajectory with ~200 customers.

Funding History

Round	Amount	Date	Lead
Series C	$56.1M	Jul 30, 2024	—
Venture (Series Unknown)	$36.1M	Jul 8, 2024	—
Series B	$20M	Apr 14, 2021	—
Series A	$6M	Oct 4, 2019	—
Venture Round	$5M	Jan 7, 2019	—