AIThe Next Web5 days ago
Poetic exits stealth with $50M from OpenAI
1 min read
Poetic emerged from stealth with $50M in funding and a $500M valuation to automate insurance underwriting, compliance, and fraud checks. Backers include OpenAI, Founders Fund, and Kleiner Perkins. Customers SoFi, AIG, and Chime use the system, which claims 100% accuracy on automated fraud decisioning and $200M annual savings for one Fortune 500 firm.
Level
Hype check
Tap to vote and see what everyone thinks.
