GV was among the investors for Stanford-backed online life insurance provider Ethos's latest round, which brought the its total funding to more than $106m.
Ethos, a US-based online life insurance service backed by Stanford University, yesterday obtained $60m in a round led by GV, a corporate venturing arm of technology conglomerate Alphabet.
Investment bank Goldman Sachs and venture capital firms Accel and Sequoia Capital also contributed to the round.
Ethos has created a digital life insurance platform powered by data analytics and process automation where customers can quickly take out a policy from one of its insurance partners without needing to undergo a medical examination or pay commission.
The technology applies predictive analytics to the customer’s application form, before cross-verifying the information against their medical and pharmaceutical records.
Ethos will put the cash towards fueling its business growth, moving to bolster its engineering headcount and developing new products. It will remain focused on life insurance rather than entering adjacent markets.
Accel led a $35m series B round in…
