October 21, 2022
Canadian-based technology start-up, Quandri, has developed bots to automate time-consuming, repetitive and manual tasks for the insurance industry, specifically brokers. Quandri claims to have helped insurance firms save “thousands of hours in lost productivity” to date.
Quandri has experienced exponential growth since its launch in 2021, as the insurance industry has been forced to digitize much of its functions during the pandemic, become more open to adopting new solutions, and contend with a tight labour market. Quandri’s CEO does not foresee this trend slowing down, stating that the company is expected to generate ten times its annual recurring revenue from 2021.
To keep up with the demand, Quandri closed a $2 million CAD seed funding round. Quandri plans to use this funding to expand its team and launch three new bots this fall.
Author: Caroline Jordan