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Simplifai logo — Simplifai Insurance.

Simplifai

Simplifai Insurance.

Founded 2017 Norway Norway 74 employees Total: $7.30M AI, Insurtech +1

General Information

Company Name Simplifai
Founded Year 2017
Location Norway Norway
Employees 74
Industries AI, Insurtech, Machine Learning
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Service Fee
Social

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About Simplifai

Simplifai, founded in 2017 and headquartered in Norway, is a transformative force in the insurance sector, leveraging AI and Machine Learning. The company specializes in optimizing insurance claims processes with its Agentic AI platform.

Simplifai offers an Enterprise Grade AI Platform capable of deploying custom AI Agents for various insurance needs, including bodily injury, motor, and travel claims. These solutions prioritize enhancing customer experience, reducing costs, and minimizing risks by automating repetitive tasks, thus allowing insurance teams to focus on high-value activities. Simplifai stands out with its commitment to data privacy, security, and compliance, ensuring a future-ready service.

Backed by Idekapital with an early VC investment made on May 1, 2024, Simplifai continues to drive innovation in Insurtech. The company's strategic partnerships and adaptive solutions make it an attractive prospect for investors looking to capitalize on the growing intersection of AI and insurance.

Business keywords: Insurance Automation, Cognitive Computing, Business Process Optimization, Digital Transformation, Email Automation, Natural Language Processing, Agentic AI, Intelligent Process Automation, Digital Employees, AI Agents, Hyper-Automation, Claims Process Optimization, Customer Experience Enhancement, Risk Mitigation

Services & Products

AI Agents Implementation
Claims Process Automation
Efficiency Enhancement Solutions
Customizable AI Solutions
Back-Office Operations Streamlining

Target Customers

Insurance Companies Claims Managers Customer Service Teams Insurance IT Administrators Financial Institutions

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Early VC Undisclosed 1
Idekapital
Idekapital
01 May 2024
Grant kr3.90M 1
Innovation Norway
Innovation Norway
01 Jun 2021
Debt Financing kr2.50M 1
Innovation Norway
Innovation Norway
01 May 2020
Seed Undisclosed 1
dotforge
dotforge
01 Jun 2018
Debt Financing kr900.00K 1
Innovation Norway
Innovation Norway
01 Oct 2017

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FAQ About Simplifai

Simplifai Insurance.
Simplifai was founded in 2017.
Simplifai is headquartered in Norway.
Simplifai operates in AI, Insurtech and Machine Learning. Its work centres on Insurance Automation, Cognitive Computing, Business Process Optimization and Digital Transformation. Its customers include Insurance Companies, Claims Managers and Customer Service Teams.
Simplifai has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Simplifai has approximately 74 employees.
Simplifai has completed 5 funding rounds, raising a total of $7.30M.
Simplifai offers: AI Agents Implementation, Claims Process Automation, Efficiency Enhancement Solutions, Customizable AI Solutions, Back-Office Operations Streamlining.
Top alternatives and competitors to Simplifai include Altilia, PolyAI, DocDigitizer, CognitiveScale, Myndshft. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Simplifai and Altilia are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Simplifai, https://bouncewatch.com/company/simplifai, updated 13 November 2025. When citing, please name BounceWatch and link this page.

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