Anthony R. O’Donnell // January 11, 2024
(Image source: hyperexponential homepage.)
hyperexponential (London), a global provider of pricing decision intelligence (PDI) software, has announced the completion of its $73m Series B funding round led by global technology-focused investment firm Battery Ventures (Boston), with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which increased its holding.
hyperexponential’s PDI platform, hx Renew, enables insurers to leverage large and alternative datasets, develop and refine rating tools rapidly, and employ sophisticated machine learning approaches to price risk and make data-driven pricing decisions at the portfolio