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AI Tech Firm Expert System Raises $29.4M; Clients Include AXA XL, Lloyd’s, Zurich

Carrier Management

Expert System, a global artificial intelligence company with many property/casualty insurance industry clients, raised $29.4 million in a new financing round. Of that total, $20 million came from institutional investors and $9.4 million through the exercise of shareholder option rights. The money is slated to help fuel continued expansion in the U.S. and abroad.