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Sorcero Expands Into New York Insurance Market With Selection by InsurTech NY
Tuesday, October 27, 2020

Sorcero Will Have An Opportunity To Demonstrate The Power Of Its Language Intelligence Technology To Leading Insurance Companies

WASHINGTON, Oct. 19, 2020 /PRNewswire-PRWeb/ -- Sorcero, the leader in Language Intelligence technology, has entered the New York Insurance market, one of the world's largest. The company was selected to participate in the highly-competitive InsurTech NY growth accelerator program. InsurTech NY is one of the leading organizations fostering innovation of insurance technology in the New York City metro area. Through the program, Sorcero will have an opportunity to demonstrate the capabilities of its Language Intelligence technology to twenty-two of the insurance industry's top carriers, brokers, and investors.

Sorcero's acceptance into InsurTech NY continues the company's expansion into new markets throughout the United States. Earlier this year, the company was invited to join the 2020 MassChallenge FinTech program to connect with Boston-based companies. Sorcero recently received the Blazer Award from DC Inno as one of the top companies driving innovation in the Washington, D.C. area, as well as being named one of Top 10 InsurTech companies in 2020 by Plug and Play.

"We are really excited to bring the Sorcero Language Intelligence Platform to Insurtech NY," said Sorcero CEO & Co-Founder Dipanwita Das. "It's an amazing opportunity to demonstrate how Sorcero is driving digital transform in the insurance sector. Insurtech NY has a great reputation as a program that connects industry leaders with companies that are pioneering innovative new technologies."

WorldQuant Ventures, a New York-based investor in Sorcero, hailed InsurTech NY's selection of the company to participate in its accelerator program.

"WorldQuant Ventures is really excited that Sorcero is entering the New York market through the InsurTech NY program," said WorldQuant Ventures Managing Partner Steven Lau. "New York is a leading hub of global finance, and we believe Sorcero's Language Intelligence technology provides unique business value for STEM-based industries. It's great to see one of our portfolio companies reach a new stage in its growth trajectory."

About Sorcero:

Sorcero is driving the next generation of digital transformation for smart, connected enterprises in insurance, life science, and other STEM industries. Our core Language Intelligence technology offers unique AI capabilities infused with deep domain expertise, empowering experts with a platform that understands technical language and supporting mission-critical decisions. Sorcero was founded in Washington, D.C. in 2018 by Dipanwita Das, Richard Graves, and Walter Bender.

SOURCE Sorcero



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