Israeli Leo raised $ 5 million

by time news

The Israeli insourtech company Leo (LeO) has completed a round of raising $ 5 million to expand its activities, mainly in the US market. A similar amount of $ 1.7 million.

In addition, the Unicorn Technology Partnership has also invested $ 750 million. Other private investors from the United States also participated in the round. Prior to this round, Leo raised $ 3 million in previous rounds from investors such as Iconyc and angels such as Arik Benon, Dima Pernovich, Yonatan Lampert, Gil Smolinsky and others. Of about NIS 1.8 million.

Leo was established in 2017, and it is developing an artificial intelligence platform that produces and makes information accessible to sales people, insurance agents and other officials in the insurance world.

The company, run by Leary Halperin Segal, has developed a kind of “Personal AI Sales Assistant” for insurance agents, sales people and managers in the industry. Through the solution developed by the company, insurance agents can get information about existing customers and potential customers, as well as business opportunities and other useful and useful information, thus gaining quick access to important information for making insurance policy sales.

The technology at the base of the platform is NLQ / AI and it enables high-quality questioning of built-in data. The platform learns the users and adapts the content of the recommendations to the user’s expertise in order to identify specific opportunities for him, in order to help him increase sales.

In addition, the company has signed a license and services agreement with one of the 10 largest insurance agencies in the US and is in pilot agreements with other agencies, and has integrated with an American technology giant in the insurance field, with a market value of $ 5 billion and serving over 500,000 users. And is currently conducting negotiations to promote the sale of Leo products in the United States by the sales company of the American company.

In addition, Leo will have access to additional sales channels provided to the technology company’s partners, such as the option to attend exclusive conferences and customer clubs. It should be noted that the integration of its platform into the technology company allows Leo to gain quick access to the information of the technology company’s customers and thereby provide service and value within a few minutes.

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