Sprout.ai - About the company
Sprout.ai is a series A company based in London (United Kingdom), founded in 2018 by Raphael Guth and Niels Thone. 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 267 active competitors, including 40 funded and 21 that have exited. Its top competitors include companies like CLARA analytics, Ontellus and Omnius.
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
Key Metrics
Founded Year
2018
Location
London, United Kingdom
Stage
Series A
Total Funding
$38.3M in 5 rounds
Latest Funding Round
Post Money Valuation
£***** as on Feb 23, 2021
Investors
Ranked
2nd among 267 active competitors
Employee Count
51 as on Sep 30, 2026
Legal entities associated with Sprout.ai
Sprout.ai is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Sprout.ai Limited CIN: 11242135 , United Kingdom, Active | - | 24 (As on Dec 31, 2024) |
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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 14 institutional investors and 21 angel investors.
Here is the list of recent funding rounds of Sprout.ai:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 31, 2023 | 6383399 | Series A | 2927168 | 8198424 | 4852432 | 7987724 |
Jul 17, 2023 | 8934357 | Series A | 8793376 | 9578369 | 3919058 | |
May 05, 2021 | 8715928 | Series A | 8399173 | 5719030 |
View details of Sprout.ai's funding rounds and investors
Sprout.ai's founders and board of directors
Founder? Claim ProfileThe founders of Sprout.ai are Raphael Guth and Niels Thone.
Here are the details of Sprout.ai's key team members:
- Raphael Guth: Former Co-Founder of Sprout.ai.
- Niels Thone: Co-Founder & Chief Growth Officer of Sprout.ai.
View details of Sprout.ai's Founder profiles and Board Members
Sprout.ai's employee count trend
Sprout.ai has 51 employees as of Sep 26. Here is Sprout.ai's employee count trend over the years:
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Sprout.ai's Competitors and alternates
Top competitors of Sprout.ai include CLARA analytics, Ontellus and Omnius. Here is the list of Top 10 competitors of Sprout.ai, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | CLARA analytics 2016, Santa Clara (United States), Series C | Workers' Compensation claims management with predictive analytics | $64M | 66/100 | |
2nd | Sprout.ai 2018, London (United Kingdom), Series A | AI-based software suite for personal and commercial insurers | $38.3M | 62/100 | |
3rd | 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. | - | 58/100 | |
4th | Provider of AI solutions for insurance claims processing and automation | $52.7M | 56/100 | ||
5th | ![]() Elysian Nashville (United States), Series A | Provider of AI-native third-party administration for commercial property and casualty claims | $9M | 54/100 | |
6th | WeGoLook 2009, Oklahoma City (United States), Acquired | Claim processing and inspection solutions | $3.35M | 53/100 | |
7th | Provider of digital payment cards and payment solutions for insurance. | $1M | 53/100 | ||
8th | Assured Insurance Technologies 2019, Palo Alto (United States), Seed | Provider of SaaS claims processing solutions for P&C insurers | - | 51/100 | |
9th | Document management solutions for insurance, banking, and other industry | $66.5M | 50/100 | ||
10th | Avallon 2024, New York City (United States), Seed | AI-powered solutions for automating complex claims operations in the auto and freight industries | $5.1M | 49/100 |
Looking for more details on Sprout.ai's competitors? Click here to see the top ones
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
Media has covered Sprout.ai for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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Sprout AI and TheraCann Initiate Wind-Down Amid Financing FailuresiGrow News•Apr 06, 2026•Beyond Farming, Sprout.ai
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Sprouty Secures $550K To Grow AI-Powered Parenting Support AppStartup Rise EU•Dec 10, 2025•Altair Capital, Sprout.ai, Sprouty Application
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Scottish Widows turns to AI to speed up protection insurance claims and underwriting with Sprout.ai Sprout.ai•Jul 04, 2025•Sprout.ai, Scottish Widows
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MetLife & Sprout.ai Partner for Claims Automation in US, Asia & LATAMGlobal Fintech Series•Jun 25, 2025•MetLife, Sprout.ai
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Liberty Mutual Re backs parametric insurance for Kenyan coffee growersArtemis•Aug 13, 2024•libertymutualre, Sprout.ai, Britam, Sprout Social
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Sprout.ai Closes the Manual Gaps in Claim Processes With New Product LaunchThe Fintech Times•Jan 18, 2024•Sprout.ai
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Insurtech Sprout.ai shoots for international growth with £5.4m raiseUKTN•Oct 31, 2023•Sprout.ai, Amadeus Capital, Praetura Ventures, Tenzo and 8 others
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Sprout AI Inc. Provides Update Regarding the Amalgamation with TheraCann International Benchmark Corp & Updated TimelineEIN Presswire•Aug 01, 2023•Sprout.ai
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