EasySend, an Israel-based no-code platform for insurance companies to build forms, has raised $11m in its series A round from a consortium including Intel Capital, the corporate venturing unit of chip and data company Intel.
Venture capital firm Hanaco led the A round. VC firm Vertex Ventures and Israel-based Menora Insurance had previously led a $5m seed round for EasySend.
Menora was a strategic backer and used EasySend to build out better ways for consumers to submit data for claims and apply for insurance.
Intel acquired autonomous vehicle developer MobileEye in Israel and and risk management is part of the ecosystem development.
Nick Washburn, senior managing director at Intel Capital, said: “EasySend’s no-code platform utilises AI [artificial intelligence] to digitise thousands of forms quickly and easily, reducing development time from months to days, and transforming customer journeys that have been paper-based, inefficient and frustrating.”
