Quandri Raises US$12M to Scale AI Automation for Insurance Agencies Across North America
'Our investment in Quandri reflects our belief in its product, team, and the immense opportunity ahead as they build critical infrastructure for the modernization of broker workflows and insurance distribution.'
Share
'Quandri is solving a massive pain point in a legacy industry, and they're doing it with a deep product focus and clear ROI,' said Ajay Gopal, Partner at Framework Venture Partners. 'The company's plans to scale across North America will ensure their groundbreaking platform is available to thousands more brokerages and agencies serving the personal lines insurance market.'
'We're proud to invest in Jackson, Jamieson and the entire team at Quandri. In the new world of AI and automation, Quandri is supporting brokers in delivering top-tier customer experience, something that aligns with Intact's broader values around being customer-driven,' said Justin Smith-Lorenzetti, Head of Investments at Intact Ventures. 'Our investment in Quandri reflects our belief in its product, team, and the immense opportunity ahead as they build critical infrastructure for the modernization of broker workflows and insurance distribution.'
Since its last funding round in 2023, Quandri has increased its revenue by 15X and expanded its customer base to more than 100 agencies and brokerages across Canada and the U.S. The company has also expanded its headcount fivefold to 75 full-time employees. Marquee North American clients include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners. The company has delivered several major product milestones including the launch of Policy Checking, Policy Requoting, and Connect. Brokerages and agencies are now using Quandri to automate policy reviews, surface renewal insights, streamline requoting, and proactively engage clients, leading to stronger retention, increased revenue, and a better client experience.
'Quandri is solving the right problems for our business,' said Chris Rosati, President and CEO at HomeServices Insurance Inc. 'Their AI platform has helped us operate more efficiently, improve how we engage clients, and focus our teams on higher-value work. As we expand our use of the platform, we see Quandri playing an increasingly strategic role in how we deliver service and drive growth.'
'We've had strong conviction in our vision from day one, but having new investors like Framework and Intact supporting our journey adds real momentum,' said Jackson Fregeau, CEO and co-founder of Quandri. 'Their support affirms the value we're delivering to brokerages and agencies, and gives us the insight and fuel we need to keep pushing the industry forward.'
For the remainder of 2025, Quandri plans to hire more than 40 people. The company is also expanding its Vancouver HQ with a new 15,000-square-foot office and opening a Boston office to serve a growing U.S. customer base.
About Quandri
Founded in 2021, Quandri is an AI-enabled servicing platform transforming how North America's insurance brokerages and agencies get work done. Named as one of LinkedIn's 2024 Top Startups, Quandri's Renewal Intelligence Platform enables brokers and agents to streamline tasks, identify actionable policy insights, and provide end clients with an exceptional renewal experience. For additional information, visit www.quandri.io.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Why Opendoor Stock Is Skyrocketing Today
Opendoor Technologies (OPEN) shares soared on Monday as retail investors piled into the newest meme stock. Shares of the online home buying company were up almost 95% in recent trading after nearly tripling in value last week. Opendoor stock took off last Monday after Eric Jackson, founder of EMJ Capital, announced his firm had taken a position in the company and said the stock 'could be a 100-bagger over the next few years.' The term refers to stocks that return $100 for every $1 invested. Jackson compared Opendoor with Carvana (CVNA), which appeared on the brink of bankruptcy in 2023, 'but they cut costs, stabilized, and the stock went up 100x.' Opendoor, he said, could be in the same position. Jackson forecast it will report positive EBITDA for the first time next month, which he says could revive Wall Street's faith in the stock. Before Jackson's post, Opendoor shares had lost nearly 98% of their value since closing at an all-time high of almost $36 in February 2021. If Opendoor regains the valuation it achieved four years ago, the stock should trade at $82, according to Jackson. Reddit Users Post Shots of Their Opendoor Trades Shares rose 15% last Monday and another 15% on Tuesday. The stock's gains accelerated on Wednesday as users of the Wallstreetbets subreddit—notorious for fueling the Gamestop meme stock frenzy in 2021—began sharing screenshots of their Opendoor trades. The rally has come at an opportune time for Opendoor. In late May, the company was notified by Nasdaq that its stock was at risk of being delisted because it traded below $1 for 30 consecutive business days. The company had 180 days to increase its share price to meet listing standards. In early June, Opendoor proposed a reverse stock split that would boost its share price by as much as 50x. The recent rally has given Opendoor hope of meeting the Nasdaq's listing standards, which require the stock's closing bid price to exceed $1 for 10 consecutive business days within the 180-day grace period that started at the end of May. Shares have closed above $1 in each of the last four sessions, and were trading above $4 at midday Monday. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
16 minutes ago
- CNET
Microsoft Will Erase Your Passwords on Aug.1: Do This ASAP
As of Aug. 1, Microsoft will be deleting passwords from its Authenticator app. This means that passwords stored there will no longer be accessible, which could be a problem for a lot of users. Microsoft Authenticator has been one of the best password managers for years, offering options for saved passwords, two-factor authentication and auto-fill. However in just a few short days, all of that is going away as Microsoft moves to passkeys instead. This means that logins will move from remembering specific passwords, to using PINs, fingerprint scans, facial recognition or pattern using a device's lock screen. Using a passkey can make your account safer, and it's a move I'm excited about. I recently uncovered that 49% of US adults have risky password habits that can open the door to scammers getting access to your sensitive data. If you're a fan of Authenticator and not sure where to start before the switch, here are other password managers CNET recommends and steps you should take before August. When will Microsoft Authenticator stop supporting passwords? Microsoft Authenticator houses your passwords and lets you sign into all your Microsoft accounts using a PIN, facial recognition like Windows Hello, or other biometric data like a fingerprint. Authenticator can be used in other ways, such as verifying you're logging in if you forgot your password, or using two-factor authentication as an extra layer of security for your accounts. In June, the company stopped letting users add passwords to Authenticator. Starting this month, you won't be able to use the autofill password function. And next month, you'll no longer be able to use saved passwords. If you still want to use passwords instead of passkeys, you can store them in Microsoft Edge. However, CNET experts recommend adopting passkeys during this transition. "Passkeys use public key cryptography to authenticate users, rather than relying on users themselves creating their own (often weak or reused) passwords to access their online accounts," Tomaschek said. Why are passkeys a better alternative to passwords? So what exactly is a passkey? It's a credential created by the Fast Identity Online Alliance that uses biometric data or a PIN to verify your identity and access your account. Think about using your fingerprint or Face ID to log into your account. That's generally safer than using a password that is easy to guess or susceptible to a phishing attack. "Passwords can be cracked, whereas passkeys need both the public and the locally stored private key to authenticate users, which can help mitigate risks like falling victim to phishing and brute-force or credential-stuffing attacks," said Attila Tomaschek, CNET's software senior writer and digital security expert. Passkeys aren't stored on servers like passwords. Instead, they're stored only on your personal device. More conveniently, this takes the guesswork out of remembering your passwords and the need for a password manager. How to set up a passkey in Microsoft Authenticator Microsoft said in a May 1 blog post that it will automatically detect the best passkey to set up and make that your default sign-in option. "If you have a password and 'one-time code' set up on your account, we'll prompt you to sign in with your one-time code instead of your password. After you're signed in, you'll be prompted to enroll a passkey. Then the next time you sign in, you'll be prompted to sign in with your passkey," according to the blog post. To set up a new passkey, open your Authenticator app on your phone. Tap on your account and select "Set up a passkey." You'll be prompted to log in with your existing credentials. After you're logged in, you can set up the passkey. Other password manager alternatives Since Microsoft will get rid of all of your passwords in two weeks, you'll need a new place to store your passwords safely. Tomaschek has a few of the best password manager recommendations after testing and reviewing several. The top recommendation is Bitwarden for its transparency. It's open-source and audited annually. From a price perspective, the free plan lets you store infinite passwords across unlimited devices. The free plan also includes features most password managers would charge for, including password sharing and a username and password generator. Bitwarden's upgraded plans have other upgraded features that could be worth the cost, too. Personally, Tomaschek has been using 1Password for a while, and he likes the interface and family plan. Even though it's second on the list, Tomaschek says it's just as good as Bitwarden.
Bloomberg
17 minutes ago
- Bloomberg
Trump's Tax Law Will Add $3.4 Trillion to US Deficits, CBO Says
President Donald Trump's recently enacted tax and spending law will add $3.4 trillion to US deficits over a decade and leave millions without health care coverage, according to a new estimate from the nonpartisan Congressional Budget Office. The CBO score for the law, released Monday, reflects a $4.5 trillion decrease in revenues and a $1.1 decline in spending through 2034, relative to a current-law baseline. The new analysis doesn't incorporate so-called dynamic effects, such as the impact on growth or interest rates over time that the legislation's measures might have.
