Koop Technologies, a Pittsburgh, PA-based insurance technology company focused on the robotics ecosystem, received an investment from Hyundai and Kia.
The amount of the deal was not disclosed.
The company intends to use the funds to increase the adoption of robotics-based products and services through proprietary risk evaluation and convenient delivery of new insurance coverages.
Led by CEO Sergey Litvinenko, Koop Technologies is an insurance technology company focused on the robotics ecosystem. It has developed a platform that uses alternative data to perform risk evaluation for a wide range of robotics use cases, including autonomous vehicles. The company is licensed in more than 30 U.S. states through its insurance subsidiary and partnered with some of the leading insurance carriers.
To date, Koop has raised $7M in venture funding from AlleyCorp, Ubiquity Ventures, Bee Partners, Hyundai Motor Company and Kia Corporation, and more.
FinSMEs
24/10/2023