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Sprout.ai - About the company

Sprout.ai is a series A company based in London (United Kingdom), founded in 2018 by Niels Thone and Raphael Guth. It operates as an AI-based software suite for personal and commercial insurers. Sprout.ai has raised $38.3M in funding from investors like Amadeus Capital, Octopus Ventures and Praetura Ventures, with a current valuation of £*****. The company has 232 active competitors, including 39 funded and 20 that have exited. Its top competitors include companies like CLARA analytics, Ontellus and Anansi Technology.

Company Details

AI-based software suite for personal and commercial insurers. It provides software for claims automation and fraud detection. It also provides solutions for image analysis, audio analysis, document management, behaviour analysis, and more.
Website
sprout.ai
Social
X
Key Metrics
Founded Year
2018
Location
Stage
Series A
Total Funding
$38.3M in 5 rounds
Latest Funding Round
Post Money Valuation
£***** as on Feb 23, 2021
Ranked
Employee Count
55 as on Jul 31, 2026
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Sprout.ai's funding and investors

Sprout.ai has raised a total funding of $38.3M over 5 rounds. Its first funding round was on 2019. Its latest funding round was a Series A round on Oct 31, 2023 for $*****. 9 investors participated in its latest round. Sprout.ai has 13 institutional investors and 21 angel investors.

Here is the list of recent funding rounds of Sprout.ai:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 31, 2023
9530621
Series A
9618447
9682084
6724806
3720907
Jul 17, 2023
3300944
Series A
5673143
7245923
8059504
May 05, 2021
3552827
Series A
4838533
5476939
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Sprout.ai's founders and board of directors

Founder? Claim Profile
The founders of Sprout.ai are Niels Thone and Raphael Guth.
Here are the details of Sprout.ai's key team members:

Sprout.ai's employee count trend

Sprout.ai has 55 employees as of Jul 26. Here is Sprout.ai's employee count trend over the years:
Employee count trend for Sprout.ai
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Sprout.ai's Competitors and alternates

Top competitors of Sprout.ai include CLARA analytics, Ontellus and Anansi Technology. Here is the list of Top 10 competitors of Sprout.ai, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for CLARA analytics
CLARA analytics
2016, Santa Clara (United States), Series C
Workers' Compensation claims management with predictive analytics
$64M
62/100
2nd
Logo for Sprout.ai
Sprout.ai
2018, London (United Kingdom), Series A
AI-based software suite for personal and commercial insurers
$38.3M
61/100
3rd
Logo for Ontellus
Ontellus
1975, Houston (United States), Acquired
Provider of records retrieval services for insurance claims and litigation. It offers services to insurance companies, law firms, and custodians. The company facilitates the secure retrieval and delivery of medical, social media, and other relevant records. Its services include record organization, analysis, and summary tools to streamline the claims and litigation processes. A secure online portal is provided for efficient record access and management.
-
60/100
4th
Logo for Anansi Technology
Anansi Technology
2018, London (United Kingdom), Seed
Online point of sale insurance platform for e-commerce businesses
$2.05M
55/100
5th
Logo for Elysian
Elysian
Nashville (United States), Series A
Provider of AI-native third-party administration for commercial property and casualty claims
$9M
54/100
6th
Logo for WeGoLook
WeGoLook
2009, Oklahoma City (United States), Acquired
Claim processing and inspection solutions
$3.35M
53/100
7th
Logo for Hi.health
Hi.health
2018, Wien (Austria), Acquired
Provider of digital payment cards and payment solutions for insurance.
$1M
52/100
8th
Logo for EasySend
EasySend
2016, Tel Aviv (Israel), Series B
Document management solutions for insurance, banking, and other industry
$66.5M
50/100
9th
Provider of SaaS claims processing solutions for P&C insurers
-
50/100
10th
Logo for Noridian
Noridian
1966, Fargo (United States), Unfunded
Provider of claims management solutions for commercial and government health care payers
-
-
50/100
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Sprout.ai's Investments and acquisitions

Sprout.ai has made no investments or acquisitions yet.

Reports related to Sprout.ai

Here is the latest report on Sprout.ai's sector:

News related to Sprout.ai

lockFilter this list
Media has covered Sprout.ai for a total of 2 events in the last 1 year, 1 of them has been about company updates.
Sprout.ai adds to advisory boardLife Insurance InternationalOct 15, 2024Sprout.ai, Zurich
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