Synchrono Group, a digital underwriting startup that offers “insurance as a service,” has raised roughly $2.6 million in equity, according to recent securities filing.
The Raleigh-based firm, founded in 2019 and operating under its trade name SynchronoSure, raised the funds from 16 investors. It is still seeking to raise another $587,000, the filing noted.
According to its website, SynchronoSure offers artificial intelligence (AI)-powered underwriting technology.
“Our proprietary technology can use limited inputs from you using a few screens on your device and pulls the required underwriting information about your account for the world wide web, making the application process faster and easier,” the company said.
In addition to its Raleigh headquarters, it has an office in Makati, Manila.