hyperexponential, a London, UK-based leader in pricing decision intelligence (PDI) software, closed its $73m Series B funding round.
In breif:
- Led by Amrit Santhirasenan, CEO, hyperexponential serves insurance and reinsurance companies in the multi-trillion-dollar global property-casualty insurance industry.
- The company intends to use the funds to expand into the United States, as it targets opening its New York office this year.
- The hx Renew platform enables customers like Convex and Conduit Re to sharpen their competitive edge with enhanced agility, efficient risk transfer, and aggregate loss avoidance.
What does this mean?
“We’ve focused on building a capital-efficient, independent business that was both high-growth and sustainable from the outset. Although we have more cash-on-hand than we’ve raised, we wanted to bring on new expertise in our target markets as we continue our growth into new verticals and geographies,” said hyperexponential co-founder and CEO Amrit Santhirasenan.
