Deep Vector Raises $1.5 Million in Seed Round

by Kay Aloha Villamor in January 9th, 2025

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 

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