Groundspeed was acquired by Insurance Quantified in 2023.
Groundspeed honored for achievements in accelerating commercial insurance carrier and broker performance through the power of machine learning and artificial intelligence.
New York, NY, October 22, 2018 — CB Insights today named Groundspeed to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. 22 of the Fintech 250 have already exited with half via IPO. This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm, and the group is broad, covering everything from insurance tech to consumer banking to capital markets tech. We look forward to the success of this year’s group,” said CB Insights CEO Anand Sanwal.
Jeff Mason and Andrew Robinson, Co-CEOs of Groundspeed commented: “It is a real honor to be recognized by CB Insights as one of the top 250 Fintech Companies in the world. Only 20 Insurtech companies have been recognized, and of those only Groundspeed and one other firm are providing enterprise business-to-business solutions. Being part of such an elite group is an affirmation of the impact that our AI-powered solutions have on automating core processes and providing powerful predictive analytics to our commercial insurance carrier and broker customers.”
The CB Insights research team selected the Fintech 250 companies based on several factors including data submitted by each company and their Mosaic Score. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.
Starting today, CB Insights customers can view the Fintech 250 on Stories, the newest product feature allowing teams to easily create beautiful presentations powered by real-time data visualizations.
Quick facts on the 2018 Fintech 250:
- 30 of the Fintech 250 companies have reached a unicorn valuation of $1B or more.
- Since 2017, these 250 private companies have raised $31.8B across 373 deals.
- There were 82 $100M+ mega-rounds to the Fintech 250 since 2013, with 33 of them in 2018 year-to-date (YTD).
- 113 new companies were introduced to the 2018 Fintech 250 list.
- 44% of the 2018 Fintech 250 list are based outside the United States, representing 31 countries.
- Ant Financial is the most well-funded company on the Fintech 250 list, having raised approximately $19.1B across 4 investments.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
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About Groundspeed Analytics, Inc.
Groundspeed Analytics accelerates commercial insurance carrier and broker performance through the power of machine learning and artificial intelligence. Groundspeed’s Adaptive Data Pipeline™ and powerful underwriting predictive analytics helps commercial insurance carriers and brokers unlock the value trapped in unstructured submissions, loss runs, exposure schedules and policies. Groundspeed technology and team help customers improve margins, underwrite more profitably and identify underwriting profit pools. Groundspeed is privately-funded and based in Ann Arbor, MI and Atlanta, GA. Learn more about Groundspeed at groundspeed.com.
