InsureTech startup DataCubes completed $2.5 million in Series A financing led by Seyen Capital and MK Capital.
DataCubes is a data science platform for commercial underwriting that seeks to help carriers improve customer engagement, underwriting productivity, and profitability. DataCubes’ platform uses data science to eliminate paperwork, provide holistic views of risks by analyzing a broad array of internal and external data sources, and score and prioritize commercial risks.
In its announcement, the company said funding will be used to extend DataCubes’ platform capabilities to support additional lines of business and to scale the company’s sales and marketing efforts.