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Vellum provides data and analytics software to help insurance and reinsurance firms assess portfolio risks.
Vellum collects, validates and combines data from sources such as MGAs, reinsurance brokers and claims systems. Its platform uses machine learning to extract information and provide risk insights for underwriting and portfolio management. Founded in 2022, the company is based in New York, US. In October 2023, it raised USD 7 million in seed funding led by Acrew Capital, 1Sharpe Ventures, Endurance Partners, Fin Capital, Flourish Ventures and Vera Equity.
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