Roots Automation Achieves 100% Year-Over-Year Revenue Growth in 2024, Driven by New Customer Acquisition and Account Growth
Roots Automation Achieves 100% Year-Over-Year Revenue Growth in 2024, Driven by New Customer Acquisition and Account Growth
Strong momentum demonstrates positive impact insurance-specific AI delivers; addresses insurers' critical need to reduce costs, increase productivity and provide exceptional customer experiences
強勁的勢頭展示了保險專用人工智能所帶來的積極影響;解決了保險公司降低成本、提高生產力和提供卓越客戶體驗的迫切需求。
NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Roots Automation, creator of the Agentic AI platform for insurance and InsurGPT, the world's first generative AI model for insurance, today announced its fourth straight year of triple-digit revenue growth with significant company and customer expansion. In 2024, the company continued to prioritize research and development of its insurance AI technology, allowing insurance companies to increase revenue by quoting business faster, decrease claims leakage by interpreting data accurately, and delight policyholders by improving person-to-person engagement.
紐約,2025年1月28日 /PRNewswire/ -- Roots 自動化,保險和保險的Agentic AI平台的創始人, InsurGPT,全球首個用於保險的生成式人工智能模型,今天宣佈其連續第四年實現了三位數的營業收入增長,伴隨顯著的公司和客戶擴展。在2024年,該公司繼續優先研發其保險人工智能技術,使保險公司通過更快速地報價來增加營業收入,通過準確解讀數據來減少索賠泄露,並通過改善人與人之間的互動來取悅保單持有人。
Following are milestones Roots Automation saw in 2024:
以下是Roots Automation在2024年看到的里程碑:
- More than 100% revenue growth from new and existing insurance customers. Roots Automation is trusted by a notable customer list that includes three of the top five property and casualty (P&C) carriers, three of the top ten brokers, and the industry's largest TPA. This rapid expansion builds upon an incredible 500% revenue growth in the last three years and is driven by new customer acquisition and the expansion of current customer relationships through the successful implementation of Roots Automation across claims, underwriting and premium audit.
- New funding to accelerate growth and build upon Roots' market-leading, made-for-insurance AI. In September, Roots secured $22 million in Series B funding led by Harbert Growth Partners, with follow-on investments from MissionOG, Liberty Mutual Strategic Ventures and Vestigo Ventures. The significant demand from the insurance industry for Roots' products drove the need for new capital to support market growth, organizational expansion, and product development for its innovative AI.
- More than 100% staff growth, further deepening Roots' expertise in insurance-specific AI. The company more than doubled in size, heading into 2025 with a global team of 100+ employees. This includes the addition of Sunny Chen as Roots' new CFO and Deirdre Grubbs as CMO.
- Significant insurance document data pipeline to drive high levels of accuracy. In 2024, Roots processed more than 250 million unique, non-public insurance documents enabling 'out of the box' support for the largest variety of insurance document types and delivering accuracy rates greater than 98% across most use cases.
- 來自新老保險客戶的營業收入增長超過100%。Roots Automation受到值得信賴的客戶列表的信賴,包括五大財產和傷害(P&C)承運人中的三家、十大經紀人中的三家,以及行業最大的TPA。這一快速擴展建立在過去三年500%的營業收入增長的基礎上,並由新客戶的獲取以及通過成功實施Roots Automation在索賠、承保和保費審核中的應用來推動現有客戶關係的擴展。
- 新的資金將加速增長,並建立在Roots市場領先的保險人工智能基礎上。九月份, Roots獲得了2200萬的B輪融資 由 Harbert Growth Partners,並獲得了 MissionOG的後續投資, 自由互助保險戰略投資 和 維斯蒂戈投資來自保險行業對Roots產品的強勁需求推動了對新資本的需求,以支持市場增長、組織擴展和其創新人工智能的產品開發。
- 員工人數增長超過100%,進一步加深了Roots在保險專用人工智能方面的專業知識。公司規模翻了一番,進入2025年時擁有超過100名全球團隊成員。這包括新增的 Sunny Chen 作爲Roots的新CFO以及 Deirdre Grubbs 作爲CMO。
- 重要的保險文件數據管道以驅動高水平的準確性。在2024年,Roots處理了超過25000萬份獨特的非公開保險文件,提供了對各種保險文件類型的『開箱即用』支持,並在大多數用例中實現了超過98%的準確率。
"We thank our valued customers and team for enabling these achievements in 2024," said Chaz Perera, CEO and co-founder of Roots Automation. "Given the anticipated slowdown of premium growth across most insurance products, companies will need to focus on operational improvements that enable personalized experiences that delight customers to outcompete their peers. Roots' technology empowers them to do that. We look forward to building on our achievements and to further demonstrate the critical impact insurance-specific AI will have on transforming the way insurance companies protect their policyholders."
「感謝我們尊貴的客戶和團隊促成2024年的成就,」Roots Automation的首席執行官兼聯創始人Chaz Perera表示。「鑑於大多數保險產品的保費增長預計放緩,公司需要專注於運營改進,以實現個性化體驗,超越同行。Roots的技術使他們能夠做到這一點。我們期待在成就上繼續努力,並進一步展示保險行業專用人工智能在轉變保險公司保護保單持有人的方式上的關鍵影響。」
About Roots Automation
關於Roots Automation
Roots Automation is a leading provider of AI-powered solutions for the insurance industry. The company's Agentic AI platform enables insurers to transform their operations with unmatched accuracy and speed. Roots Automation's pre-trained, insurance-specific AI, InsurGPT, delivers rapid time-to-value, measured in weeks, not months. Used by three of the top five P&C carriers and three of the top ten brokers, Roots Automation enables brands to liberate their teams from complex workflows, allowing them to focus on what truly matters – delighting customers with superior service and care. For more information, visit .
Roots Automation是保險行業領先的人工智能解決方案提供商。該公司的Agentic人工智能平台使保險公司能夠以前所未有的準確性和速度轉變其運營。Roots Automation的預訓練、保險專用人工智能, InsurGPT,提供了按周計算的快速價值交付,而非按月計算。Roots Automation被五大財產和意外險承運人中的三家和十大經紀人中的三家使用,使品牌能夠解除團隊的複雜工作流程,讓他們專注於真正重要的事情——以優質的服務和關懷來取悅客戶。欲了解更多信息,請訪問 .
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SOURCE Roots Automation Inc
來源:Roots Automation Inc
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