Ann Arbor SPARK recently recognized Groundspeed Analytics as its 2019 Entrepreneurial Services Company of the Year Award Winner. This was just the latest of many awards for this fast growing startup. Just a year ago, the New Enterprise Forum presented Groundspeed Founder and Co-CEO Jeff Mason with its 2017 NEF Entrepreneur of the Year Award.
Formed in early 2016, this innovative InsurTech company utilizes machine learning to transform unstructured commercial insurance documents into actionable intelligence. By making the process more accurate and efficient, insurance carriers and brokers now have a game-changing tool to advance their information advantage. Groundspeed closed a $30 million Series-B investment from Oak HC/FT in July, 2018. The investment is being deployed to accelerate product development and customer success.
As it started up, Groundspeed benefited from many services of the Ann Arbor entrepreneurial ecosystem, including Ann Arbor Spark's Entrepreneur Bootcamp and coaching by the New Enterprise Forum. Jeff Mason and his colleagues tell their story in a YouTube video.