NYC-based Reserv, which provides software and AI-powered claims processing tech for property and casualty insurers, raised a $125M Series C led by KKR
Reserv, an AI-native third-party administrator (TPA) and claims technology provider for the property and casualty (P&C) insurance sector, has closed a $125m Series C funding round.
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Reserv Bags $125M Series C to Supercharge AI Claims Processing
NYC insurtech Reserv lands a massive $125M Series C led by KKR for its AI-powered claims tech platform.
Reserv just pulled in $125 million in Series C funding, with KKR leading the round. The New York City-based company builds AI-native claims processing technology for the property and casualty insurance industry.
Reserv operates as a third-party administrator, handling claims workflows for P&C insurers using software steeped in artificial intelligence. The hefty round signals serious investor appetite for AI infrastructure plays in insurance — a sector notorious for clunky, legacy processes.
KKR stepping in as lead investor adds heavyweight backing to a company carving out territory in insurtech's claims management space. The Series C positions Reserv to scale its platform deeper into an industry still ripe for automation.
No valuation was disclosed. But $125M is a loud statement: AI-driven claims processing isn't a niche bet anymore. It's where the money is going.