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FRISS

208 employees

FRISS’s Trust Automation Platform provides real-time, data-driven scores and insights that give instant confidence and understanding of the inherent risks of all customers and interactions. Based on next-generation AI insurance technology, Trust Automation allows you to confidently manage trust throughout the insurance value chain – from the first quote all the way through claims and investigations when needed. Enable straight-through processing, automatically flag high risks and increase customer satisfaction. The real time FRISS Score is the core of our solutions and indicates the risk for each policy or claim. The AI-powered score combines Text Mining, Machine Learning, Predictive Models and Network Analysis with Expert Business Knowledge out of 15+ years of insurance experience, your specific business configuration, proprietary data and external data sources. It provides you a white box, holistic view on fraud and risks, which delivers you actionable insights so you stay in control.

Investor insights

Funding rounds participated in

$6M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Software Development

Sectors

Software Development

Date founded

2006

Funding rounds raised

Total raised

$6M

from 1 investors over 1 rounds

F

FRISS raised $6M on December 2, 2021

Investors: Guidewire Software

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