AI assistant startup FurtherAI raises $5 million in round led by Nexus Venture Partners

FurtherAI, an artificial intelligence (AI) assistant for automation in the insurance sector, has raised $5 million in a seed funding round led by early-stage venture capital firm Nexus Venture Partners.

The round also saw participation from Pioneer AI Fund, South Park Commons, Y Combinator and Converge VC, among other angel investors.

The funds will be used to expand its AI team, drive industry engagement, and enhance its product capabilities.

“When we first partnered with the insurance industry, many claimed it was slow to innovate and held back by…