Deep Vector Raises $1.5 Million in Seed Round

Deep Vector Raises $1.5 Million in Seed Round

Deep Vector, a Bend, Oregon-based AI platform for underwriting document analysis, has raised $1.5 million in seed funding.

The round was co-led by Aperture Venture Capital and InsurTech NY.

Aperture is a seed-stage investor in startups leveraging financial innovation and AI. Its first fund was launched in 2021 with investments from global financial technology. Aperture's platform is purpose-built to invest across the full spectrum of financial services, including banking, payments, insurance, security, compliance, and enterprise SaaS.

InsurTech NY is an international nexus for the insurance innovation community, bringing together insurers, investors, and InsurTechs through conferences, competitions, and accelerators. The organization accelerates corporate innovation, attracts talent to the insurance sector, fosters innovation-friendly regulations, and enhances access to investment opportunities.

Deep Vector provides an AI platform designed to analyze underwriting documents in the insurance industry. It uses machine learning to translate complex, analog documents—such as claims loss runs, Acord forms, motor vehicle records, and business records—into usable, actionable data. Previously known as Loss Scan, Deep Vector processes over 5,600 document formats specific to different insurance carriers.

Funding Details

Company: Deep Vector Inc.

Raised: $1.5M

Round: Seed Round

Funding Month: January 2025

Lead Investors: Aperture Venture Capital, InsurTech NY

Additional Investors:

Company Website: https://www.deepvector.com/

Software Category: Document Automation