Liberate, an innovative AI company revolutionizing insurance operations, has secured $50 million in a Series B funding round led by Battery Ventures, totaling $72 million in funding. The firm specializes in voice AI to automate complex tasks within the insurance industry, streamlining workflows across sales, servicing, and claims. By integrating directly into insurers’ core systems, Liberate minimizes the need for large support teams, significantly reducing operational costs and improving customer response times. This approach addresses the industry’s $300 billion labor cost challenge, enhancing customer experiences and yielding a documented 263% ROI for large insurers. Founded by veterans Amrish Singh, Ryan Eldridge, and Jason St. Pierre, Liberate is poised to scale its AI agents worldwide, transforming P&C insurance operations. Their cutting-edge technology leverages reinforcement learning for regulatory compliance and operational efficiency, aiming to deliver unmatched customer satisfaction and profitability. For further details, visit www.liberateinc.com.
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