Groundspeed is a data analytics company that allows insurance brokers, carriers and MGAs to realize the advantage of their unstructured data.
Groundspeed Analytics accelerates commercial insurance performance with the power of machine learning and artificial intelligence.
Groundspeed Analytics was founded in 2016 by Jeff Mason and is based in Ann Arbor, Michigan.
Groundspeed focuses on solving the insurance industry’s toughest data challenge – unlocking the value of unstructured information.
Groundspeed provides automation and analytics services to commercial insurers, brokers and TPAs. The company unlocks the value trapped in unstructured P&C files like loss runs, exposure schedules, and policies using the power of AI and machine learning.
Groundspeed's produc Groundspeed Adaptive Data Pipeline™ enables its carrier, broker, and MGA clients to improve margins, identify underwriting profit pools, and enhance customer experience. Groundspeed’s automation and analytics platform helps eliminate 90% of administration expenses while improving underwriting and analytics efficiency, delivering 10-times the data with 99% accuracy.
Groundspeed is backed by Oak HC/FT, ManchesterStory Group, Service Provider Capital, Michigan Angel Fund, & Tappan Hill Ventures. The company raised $30M in it's latest "Series B" round funding on Jul 26, 2018. This brings Groundspeed's total funding to $32M to date.