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Precedent uses AI to help insurers review claims and analyze documents.
Precedent provides AI-based data tools for insurance companies to extract information from lengthy, complex documents. Its products include demand monitoring and review automation, litigation optimization, correspondence analysis, and industry trend data. Founded in 2022 and based in California, the company was co-founded by CEO Grant Little, Jim Andrews, Logan Chittenden, and Derrick Stuckey. In June 2023, it raised USD 9 million in seed funding from AdirVentures to develop and expand its products.
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