Valen Technologies Secures $6.5 Million in Latest Round of Funding

Denver, CO - 13 November 2007

Valen Technologies, the predictive analytics experts for the property and casualty (P&C) insurance industry, today announced that it has closed its third round of funding with a $6.5 million equity infusion.

This latest round of funding from Core Capital Partners, Appian Ventures and other private investors continues Valen’s strong financial backing from capital investors.

“Two of the top ten insurance companies have already signed onto Valen’s innovative technology that allows insurers to better match price and risk for insurance policies,” said Mark Levine, a managing director with Core Capital Partners. “The potential market growth in this industry is tremendous. We have confidence in Valen’s high customer sign-on rate and its ability to continue to win clients that need advanced predictive analytics.”

This third round of funding will be used as working capital to support Valen’s growth strategy through increased investments and expansions in engineering, professional services, and channel development.

“I 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,” said Dax Craig, President and CEO of Valen Technologies. “We’ve seen a healthy change in the adoption rate of predictive analytics as the industry begins to experience the benefits.”

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