Zelros, SAS

Based in Paris, France, Zelros, SAS was founded in 2016 by Christophe Bourguignat, Fabien Vauchelles, and COO Damien Philippon. Zelros, SAS is a B2B independent software vendor that develops AI (Artificial Intelligence) for bank insurance and has locations in France, Germany, and Italy. The company raised EUR 4. 5 million in Series A funding in 2018, followed by USD 11 million in Series A funding in 2021 led by new investor Benhamou Global Ventures, with participation from other new investors.

As of 2021, the company employs over 50 employees. Currently, the firm collaborates with 15 of Europe's leading insurance companies, including BPCE, AXA, Crédit Agricole, MAIF, La Banque Postale, AssurOne, and + Simple, in the property and casualty (P&C) and life insurance business lines. The company provides an artificial intelligence platform that offers insurers, bank insurers, and policyholders, a personalized way to distribute and receive products and services. Zelros offers compliance and security, data connectivity, IT system integration, and automation.

Additionally, the firm’s NLU (natural language understanding) specializes in capturing information from voice conversations between policyholders and insurance advisors. Zelros also provides Documents2Insights for automating document processing, advanced AutoML, AI cockpit for sales strategy, advanced knowledge management, and smart sonar. The company’s solutions include Leads Factory which offers omnichannel lead flows and outgoing interactions, along with needs discovery and advice provision and underwriting automation. Zelros, SAS turns any insurance data into transparent, interactive messenger conversations with machine learning.

It reduces every part of the claim processing like claim filing, missing information in a complex case, processing time, and apprehends the client's profile, and recommends products, arguments, and prices. Zelros, SAS plans on utilizing the Series A funding obtained in 2021 to strengthen activities in France, Italy, and Germany and relocate and launch headquarters in Montreal-based North America in the third quarter of 2021. The firm also plans to hire five-full time employees at its North America location by the end of 2021.