MarvelX, a Dutch InsurTech startup targeted on constructing the operational spine for the monetary business with a concentrate on insurance coverage, introduced at the moment the closing of their €5.4 million funding spherical and the launch of ClaimOS MaX.
The funding spherical was led by EQT Ventures, together with angel traders Jobi George (elastic, Microsoft), Keith Grose (Coinbase, Plaid), Yana Abramova (Pretiosum), Humphrey Valenbreder (Partior, bunq), Mehdi Ghissassi (Google Deepmind), Plug and play, amongst others.
“EQT Ventures has expertise constructing firms on this space. They’ve already efficiently achieved it. We had events with over 150 inbound investor approaches that we chosen from however EQT Ventures’ long-term imaginative and prescient and observe document in working with groups on this space earlier than made it an apparent accomplice of alternative for us. Their clear, long-term plan to assist us on our development journey resonated with us and we’re trying ahead to many extra profitable milestones collectively,” stated Ali el Hassouni, Founder and CEO of MarvelX.
Based in 2025, MarvelX claims to be constructing the AI spine of the insurance coverage business. With a platform designed to switch sluggish, handbook workflows with clever, evolving techniques, the startup reportedly permits insurers to function sooner, extra precisely, and with larger agility.
el Hassouni beforehand served as Head of Information & AI at neobank bunq, the place he labored on the transaction monitoring system that’s “2.5 instances more practical in detecting fraud than different means utilized by most banks and monetary establishments“.
Regardless of rising curiosity in generative AI—85% of insurance coverage executives view it as transformational—solely 2% of firms have adopted it at scale. MarvelX believes this is because of legacy techniques, inside complexity, and lack of fit-for-purpose instruments.
Regardless of years of digital transformation, most carriers nonetheless rely upon fragmented techniques and handbook work, slowing down operations and irritating clients. MarvelX appears to deal with this problem head-on with purpose-built AI brokers that streamline insurance coverage workflows—beginning with claims.
On the coronary heart of its providing is a brand new kind of AI OS designed to remodel how insurers work. The platform connects to present techniques, centralises operational knowledge, and turns siloed, handbook duties into clever, automated flows. It reportedly helps insurers make higher selections sooner, scale back errors, and enhance compliance throughout their core operations.
Key capabilities embody:
Utility Evaluation: Automates doc verification and claims analysis, decreasing approval instances from days to minutes.
Recognizing fraud: It detects suspicious patterns utilizing real-time knowledge evaluation, minimising false positives and losses.
Buyer Communication: Gives personalised updates and proactive notifications, enhancing buyer satisfaction and retention.
By implementing MarvelX, insurers can scale back operational prices, enhance compliance, and ship a superior buyer expertise.
“MarvelX is constructing a next-generation vertical AI firm in one of the crucial operationally complicated and underserved industries. Their workforce combines deep AI experience with actual understanding of the regulatory and knowledge challenges insurers, banks and wealth managers face day by day. We’re proud to accomplice with them to assist rework this area,” stated Tom Medoza, Accomplice at EQT Ventures.
