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Reserv Announces $125 Million Series C Financing Led by KKR to Accelerate AI-Driven Transformation of Insurance Claims
Reserv Inc., an AI-native third-party administrator (TPA) and software provider for property and casualty insurance, has announced a $125 million Series C funding round led by KKR. This investment will enable Reserv to significantly scale its AI-driven claims processing capacity from 500,000 to 30 million annual complex claims within the next four years, aiming to transform a substantial portion of the P&C industry. The company, founded in 2022, provides TPA services and technology to nearly 200 insurers and has already achieved $100 million in annual recurring revenue.