Tuesday, November 28, 2023

Taktile Secures USD 20 Million for Its Automated Decision-Making System

By ET Bureau - November 24, 2022 1 Mins Read

Taktile-Secures-USD-20-Million-for-Its-Automated-Decision-Making-System

Taktile GmbH, a startup that helps companies such as banks and insurers automate business decisions, has closed a USD 20 million funding round. The Series A round, which was announced on Tuesday, was co-led by Index Ventures and Tiger Global.

The investment comes after a year in which Taktile says its revenue more than tripled. The process of figuring out how much to charge for an insurance policy typically involves several steps in the insurance industry. Furthermore, depending on the circumstance, those steps frequently change. A different set of tasks are involved in issuing an insurance policy for a small business than in negotiating a deal with a large corporation.

Also Read: Intelligent Automation – The Key to Digital Transformation Success

Similar to other businesses, banks have a number of steps in the loan-issuing process that can change depending on the nature of the transaction.

Read More: https://siliconangle.com/2022/11/23/taktile-reels-20m-automated-decision-platform/

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ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

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