Quantemplate, a self-service, cloud-based automated data solutions provider for the (re)insurance industry, has closed on $12 million in a recent funding round. The investment was led by Route Sixty-Six Ventures and Transamerica Ventures, with participation from Anthemis Group, Allianz X, and Insight Catastrophe Group.

The company also announced the general availability of its platform to the data-driven (re)insurance sectors following increased demand for licensing and implementation of the platform from global U.S. and European companies.

Quantemplate is headquartered in New York, and has offices in London and the EMEA.

[Image courtesy: Quantemplate]