About Groundspeed
Groundspeed is a Financial Services company based in Ann Arbor (United States) founded in 2016, and was acquired by Insurance Quantified in June 2023. It operates as a claim data processes are automated for commercial insurance brokers. Groundspeed has raised $32 million across 3 funding rounds from investors including Insight Partners, Oak HC/FT and ManchesterStory Group. The company has 71 employees. Groundspeed offers products and services including Groundspeed AI, Document Ingestion, AI Data Labeling, Automated Enrichment, and Triage and Prioritization. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Claims Processing. Its legal entity is GROUNDSPEED ANALYTICS, INC. Its competitors include Livegenic, ViewSpection, Photocert, ClaimForce and Sentrys and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
Groundspeed was founded in 2016 in Ann Arbor, United States, and operates within the insurance technology sector. A platform is provided to commercial insurance brokers for automating loss run and claim data handling. Data is requested, received, processed, and analyzed from carrier PDFs and various document formats. Key metrics on customers, carriers, policies, and coverages are displayed to support broker operations.
- Headquarters Ann Arbor, United States
- Employees 71
- Stage Acquired
- SectorsFinancial Services
- Website groundspeed.com
- Social LinkedIn X
- Acquired by Insurance Quantified (Jun 2023)
- Legal Name Groundspeed Analytics, Inc.
- Total Equity Funding$32M (USD)
in 3 rounds
- InvestorsInsight Partners
& 5 more
- Employee Count71
- Acquired byInsurance Quantified
(Jun 2023)
Products & Services of Groundspeed
Groundspeed offers a comprehensive portfolio of products and services, including Groundspeed AI, Document Ingestion, AI Data Labeling, Automated Enrichment, and Triage and Prioritization.
Automates submission data ingestion and processing for insurance.
Ingests and classifies data from emails and documents via API.
Classifies and structures insurance data using AI models.
Normalizes and enriches data with predictive models.
Prioritizes and routes submissions based on business rules.
Funding Insights of Groundspeed
Groundspeed has successfully raised a total of $32M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $32M
- Total Rounds 3
- First Round $2M
(Apr 2017)
- Investors Count 5
All 3 funding rounds of Groundspeed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | – | Series C | – | Insight Partners | |
| Jul 2018 | $30M | Series B | – | Oak HC/FT | – |
| Apr 2017 | $2M | Series A | – | ManchesterStory Group |
6 investors in total: 6 institutional.
Investors in Groundspeed
Groundspeed has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Insight Partners, Oak HC/FT and ManchesterStory Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | – | insightpartners.com | - | |
Investments are made in early-stage healthtech and fintech startups. | – | oakhcft.com | Stamford, United States | |
- | – | manchesterstory.com | - | |
Tappan Hill Ventures is focused on venture capital investments. | – | tappanhillventures.com | Ann Arbor, United States | |
Early-stage company funding is facilitated in Michigan. | – | miangelfund.com | Ann Arbor, United States | |
Offers AI-powered data ingestion and analytics for property and casualty underwriting. | 2017 | insurancequantified.com | Ann Arbor, United States |
Investor details for Groundspeed
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- Investor portfolios
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People of Groundspeed
6 people are tracked at Groundspeed (5 in leadership, 1 in team); the tracked headcount is 71.
| Name | Role | Group |
|---|---|---|
Eric Kobe | CEO | Leadership |
YP Wang | Head of Analytics & BI | Leadership |
Naim Falandino | Chief Technology Officer | Leadership |
Suman Palit | VP, Product | Leadership |
Greg Gould | CFO | Leadership |
Katie Gunderman | SVP, Operations | Team |
Complete people profiles for Groundspeed
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Timeline of Groundspeed
4 dated milestones of Groundspeed across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Groundspeed is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series C,.
- Exit Acquired by Insurance Quantified.
Competitors of Groundspeed
Groundspeed has 8 listed competitors in our database, 5 of them funded. They include Livegenic, ViewSpection, Photocert, ClaimForce and Sentrys, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| livegenic.com | 2014 | Philadelphia, United States | $200,000 | 3 | Mobile app for customer engagement | |
| viewspection.com | 2012 | Tucson, United States | $65,000 | – | Property insurance data is shared collaboratively among agents and underwriters. | |
| photocert.co.uk | 2016 | London, United Kingdom | $120,000 | 3 | White-label mobile solutions for insurance claim photo certification are offered. | |
| claimforce.com | 2002 | Deerfield, United States | $650,058 | – | Operates an online marketplace for claim services to assist users. | |
| sentrys.co | 2016 | Belgrade, Serbia | $40,000 | – | Provides a data security platform for effective claims and fraud management. | |
| claimcast.com | 2013 | Toronto, Canada | – | – | Provides a mobile app for claiming car accidents, property damage, and personal injuries. | |
| tradesplus.net | 2019 | Matraville, Australia | – | – | Platform for efficient insurance claims processing and supplier management. | |
| thesl.co.za | 2002 | Cape Town, South Africa | – | – | FinTech company automating claim settlements for insurers and brokers. |
Detailed competitors of Groundspeed
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Groundspeed
The website of Groundspeed (groundspeed.com) receives about 1K visits a month.
- Monthly visits1K
▼ 13.4% vs previous month
Websites whose visitors overlap most with Groundspeed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
groundspeedtires.com | groundspeedtires.com | 100% | – | #4,980,302 | – |
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as Groundspeed (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Groundspeed
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Frequently Asked Questions about Groundspeed
Groundspeed was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Groundspeed is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Groundspeed is a funded company, having raised a total of $32M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Apr 2017.
Groundspeed has 71 employees.
Groundspeed was founded in 2016 in Ann Arbor, United States, and operates within the insurance technology sector. A platform is provided to commercial insurance brokers for automating loss run and claim data handling. Data is requested, received, processed, and analyzed from carrier PDFs and various document formats. Key metrics on customers, carriers, policies, and coverages are displayed to support broker operations.
Groundspeed's top competitors include ViewSpection, Livegenic and Photocert.
Groundspeed offers Groundspeed AI, Document Ingestion, AI Data Labeling, Automated Enrichment, and Triage and Prioritization.
Groundspeed has 6 investors. Key investors include Insight Partners, Oak HC/FT, ManchesterStory Group, Tappan Hill Ventures, and Michigan Angel Fund.
Groundspeed operates through Groundspeed Analytics, Inc..
Yes. Groundspeed was acquired by Insurance Quantified in June 2023.