MotionsCloud: Raises US$ 2M in funding

MotionsCloud Raises US$ 2M in funding

• MotionsCloud, a German insurtech startup, raised US$ 2m in funding
• The round was co-lead by SOSV and Net Insurance, followed by AI Startup Incubator, ParticleX, Artesian, Excon Services, and Global Insurance Accelerator
• The company intends to use the funds to pursue further expansion efforts
• The company provides a solution which uses AR and AI technologies to assess and expedite home and auto insurance claims
• The company empowers insurance companies with an automated property & vehicle inspection, making the process faster and more efficient
• The startup already cooperates with European, US, and Asian firms