This latest round of funding from Core Capital Partners, Appian Ventures and other private investors continues Valenâs strong financial backing from capital investors.
âTwo of the top ten insurance companies have already signed onto Valenâs innovative technology that allows insurers to better match price and risk for insurance policies,â said Mark Levine, a managing director with Core Capital Partners. âThe potential market growth in this industry is tremendous. We have confidence in Valenâs high customer sign-on rate and its ability to continue to win clients that need advanced predictive analytics.â
This third round of funding will be used as working capital to support Valenâs growth strategy through increased investments and expansions in engineering, professional services, and channel development.
âI thank Core Capital Partners and all of our existing investors for their continued confidence in our organization and products. This latest financial support enables us to continue to implement our growth strategy, concurrent with our ongoing effort to educate the insurance industry on the opportunities available with predictive analytics,â said Dax Craig, President and CEO of Valen Technologies. âWeâve seen a healthy change in the adoption rate of predictive analytics as the industry begins to experience the benefits.â