Novee AI Limited

Based in the UK, Novee AI Limited offers an advanced AI-driven platform that enhances the underwriting process for risk assessment, focusing on improving efficiency and decision-making for insurance companies and underwriting firms. Novee AI Limited is an emerging technology firm founded in 2024 and headquartered in London, UK. The company specializes in AI solutions for risk assessment in the insurance sector. It has engaged in a single deal, raising GBP 1.

6 million in pre-seed funding on July 28, 2025, led by 42Cap, with participation from InsurTech Gateway. The firm was founded by individuals with a background in technology and finance, although specific names are not mentioned in the available data. Novee AI Limited specializes in an AI-driven platform designed to enhance the underwriting process for risk assessment. Its core product includes a user-friendly interface that allows underwriters to set unique risk preferences and triage risks according to their strategies and guidelines.

The system provides actionable insights for submissions, enabling informed decision-making. The platform continuously learns from previous underwriting decisions, adapting to market dynamics. Novee AI primarily serves insurance companies and underwriting firms in North America and Europe, focusing on clients looking to optimize risk management and operational efficiency. Novee AI Limited generates revenue through a subscription model that grants clients access to its proprietary underwriting platform.

This model fosters streamlined interactions with clients, primarily consisting of B2B transactions with insurance and underwriting agencies. Customers have access to various pricing plans tailored to different operational needs, including packages designed for enterprises with advanced feature requirements. The offerings enhance underwriting efficiency and reduce processing times, contributing to client attraction and retention in the competitive insurance technology landscape. Following its recent funding round in July 2025, where Novee AI Limited raised GBP 1.

6 million, the company plans to use this capital to advance the development of its AI-driven risk assessment platform. Future initiatives include the launch of new product features aimed at enhancing functionality and user experience. Additionally, Novee AI intends to expand into new geographic regions, specifically aiming at deepening its presence in North America and exploring opportunities in the Asia-Pacific market by the end of 2026.