Vellum Exits Stealth with $7M Seed Round for AI-enabled Insurance Analytics Platform
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Power the (re)insurance industry to cover the risks of tomorrow.
Insurance and reinsurance are critical to our global economy. However, in our landscape of evolving risks the accelerating pace of change makes it tough for the industry to keep up. (Re)insurers are being asked to take leaps of faith on new ideas and new leaders, but messy data, bespoke processes, and emerging risks are causing those leaps to be met with large losses and volatility.
At Vellum, our mission is to empower the (re)insurance industry to cover the risks of tomorrow. Our platform harnesses the power of AI to help insurance and reinsurance companies unlock their data, identify trends and proactively manage risks that are impossible to see across a sea of spreadsheets and PDFs. With Vellum, insurers and reinsurers can help protect against the risks of tomorrow with confidence.
At Vellum, we help insurers and reinsurers support innovative solutions tackling emerging and existing risks.
Book DemoVellum provides an AI-enabled data and analytics platform for insurance and reinsurance companies. The platform allows (re)insurance professionals to measure risk in real-time, identify changes and trends, and quickly take proactive steps to control risk within their portfolio.
Determined, eager and steadfastly focused on driving transparency and insights into the (re)insurance industry. Not deterred by the size or complexity of the problem. We will strive for excellence as we build tools to unlock innovative solutions for emerging risks impacting the world.
Everyday we bring our authentic self to work. Not distracted by pretense, ego or hierarchy, we debate with empathy and understanding as we push for the best possible solutions.
We ask the tough questions, seek answers, and continually expand our knowledge and understanding of how risk can be understood, quantified, and optimized. Whether through successes or failures, we have a strong desire to learn, explore, and discover.
John is a lifelong technologist and builder. Prior to Vellum, John was CTO of HealthVerity, where he established and oversaw engineering, development, and data operations. Over 8 years, he helped hundreds of companies share and exchange healthcare and consumer data, all while ensuring patient privacy and compliance in a highly regulated industry. He also supported development of the United States' largest deidentified healthcare data ecosystem, which serves as a foundation for clinical, R&D, and commercial activities. During the COVID-19 pandemic, he oversaw support of the Federal response deploying HealthVerity’s technologies with a FedRAMP ATO.
Prior to HealthVerity, John was the General Manager and EVP of Product at Solve Media where he managed several business units including engineering, product development, business development and sales. John also held various senior roles at Marchex, Voicestar, and DOTmed.com. As an active member in the Philadelphia tech community for several years, John previously co-founded two start-ups in the product space.
With close to 20 years in the insurance and reinsurance industry, Jules has a deep passion for the insurance industry and the pivotal role it plays in helping people bounce back from some of their darkest days.
Most recently she was the COO and founding team member of Attune - a managing general agent focused on improving insurance buying experience for small businesses.
Prior to Attune, she started her career as a reinsurance broker at Guy Carpenter & Company, serving a diverse mix of clients ranging from MGAs to global insurance companies. Leaving to get her MBA from Wharton, she then spent four years in the insurance practice at McKinsey & Co. Excited to join the wave of innovation hitting the industry in 2015, she joined Hamilton USA as an early team member, serving as the Head of Strategy and Innovation.
Paul has spent the last decade working at the intersection of the technology, financial services and insurance industries. He loves building businesses, especially those that are modernizing the “plumbing” that underpins the products and services that delight us every day.
Paul began his career at McKinsey & Co, where he served clients across the financial services and insurance industries. He then joined Funding Circle, a peer-to-peer lending platform, as Chief of Staff to the CEO, helping drive the company’s growth, ultimately leading to its IPO in 2017.
Paul also has experience as an investor, working with the venture capital firm Ribbit Capital and software-focused hedge fund Kora Capital. Additionally, Paul received his MBA from Harvard Business School in 2019.
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