SoftBank’s Vision Fund 2 has backed the life insurance platform developer at a $2.7bn valuation, taking its overall funding to over $400m.
Ethos Technologies, a US-based digital life insurance provider, has secured $100m in funding from internet and telecommunications group SoftBank’s Vision Fund 2 at a valuation of $2.7bn.
Founded in 2016, Ethos operates an insurance online platform that uses machine learning and data science technologies to increase the addressable market for life insurance.
The company’s technology is intended to break down barriers that prevent customers from purchasing life insurance, and is capable of underwriting a policy in minutes with no medical…
