Deep Vector, a Bend, Oregon-based AI platform for underwriting document analysis, has raised $1.5 million in seed funding.
Investors
The round was co-led by Aperture Venture Capital and InsurTech NY.
Aperture is a seed-stage investor in startups leveraging financial innovation and AI. Its first fund was launched in 2021 with investments from global financial technology. Aperture's platform is purpose-built to invest across the full spectrum of financial services, including banking, payments, insurance, security, compliance, and enterprise SaaS.
InsurTech NY is an international nexus for the insurance innovation community, bringing together insurers, investors, and InsurTechs through conferences, competitions, and accelerators. The organization accelerates corporate innovation, attracts talent to the insurance sector, fosters innovation-friendly regulations, and enhances access to investment opportunities.
About Deep Vector
Deep Vector provides an AI platform designed to analyze underwriting documents in the insurance industry. It uses machine learning to translate complex, analog documents—such as claims loss runs, Acord forms, motor vehicle records, and business records—into usable, actionable data. Previously known as Loss Scan, Deep Vector processes over 5,600 document formats specific to different insurance carriers.
Funding Details
Company: Deep Vector Inc.
Raised: $1.5M
Round: Seed Round
Funding Month: January 2025
Lead Investors: Aperture Venture Capital, InsurTech NY
Additional Investors:
Company Website: https://www.deepvector.com/
Software Category: Document Automation
Source: https://www.prnewswire.com/news-releases/deep-vector-raises-1-5m-to-revolutionize-insurance-data-extraction-with-ai-302344679.html