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    Sunstone Credit secures $20 million in Series A funding round

    Sunstone Credit secures $20 million in Series A funding round

    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Sunstone Credit secures $20 million in Series A funding round

      Sunstone Credit secures $20 million in Series A funding round

      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Home SaaS

      Taktile bags $20 million to fuel expansion in the US market

       108 total views,  1 views today

      Taktile, a 2020 Y Combinator alum, offers a platform that claims to make it easier for businesses to create automated workflows.

      USTechTimes Editor by USTechTimes Editor
      November 29, 2022
      Taktile bags $20 million to fuel expansion in the US market
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      Taktile, a New York-based startup that helps businesses such as banks and insurers automate business decisions, has raised $20 million in its Series A funding round. Index Ventures and Tiger Global led the funding round.

      The new funding will help the SaaS startup expand further in the US market, which has proven remarkably successful, as evidenced by its 4x client base growth in recent months. Taktile claims that its revenue has more than tripled. The startup did not provide specific revenue figures.

      The startup claims to power over 250,000 decisions daily and counts the fintech Branch, Moss, and Rhino among its clients. In the end, this has enabled the business to develop at a rate of almost 300 percent in only the last year.

      “Today, too many businesses rely on automated decisions that they rarely revisit, which causes them to overlook critical risks, respond to market changes too late, and thus leave money on the table,” commented Taktile co-founder and CEO Maik Taro Wehmeyer.

      Taktile assists industry titans in removing the guesswork from their decision-making processes

      Figuring out how much to charge for an insurance policy often involves several processes in the insurance industry. A different set of duties are involved in issuing an insurance policy for a small firm than in negotiating a deal with a large corporation. Furthermore, depending on the circumstance, such steps frequently change.

      Similar to other businesses, banks have several steps in the loan-issuing process that might change depending on the nature of the transaction. Banks and insurance companies typically use automated software workflows to manage multistep business tasks.

      Taktile, a 2020 Y Combinator alum, offers a platform that claims to make it easier for businesses to create automated workflows.

      “By allowing businesses to adjust their decision flows quickly, easily, and data-driven way, we help them optimize decision accuracy, reduce risk, and significantly improve their margins. Combined with our off-the-shelf data integrations across the globe, this not only helps our customers improve their unit economics but also enables them to launch new lending and insurance products fast,” said Maik Taro Wehmeyer.

      By providing readymade interfaces with well-known financial data sources, Taktile’s platform eliminates the need for businesses to develop proprietary connectors. The platform can also communicate with renowned platforms for cloud-based artificial intelligence.

      With the latter function, businesses may use neural networks in their software workflows for jobs like processing loans. Before putting their program into production, developers can assess its dependability using a simulation tool from Taktile.

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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