Clearspeed Secures $60M in Series D Funding for Voice-Based Risk Assessment Tech

Clearspeed, which provides voice-based risk assessment technology for insurance and claims applications, has secured $60 million in Series D funding, the San Diego, California-based company announced.

The latest round, which brings the company’s total funding to $110 million, was led by Align Private Capital, with participation from IronGate Capital Advisors, Bravo Victor Venture Capital, and KBW Ventures. Retired General David H. Petraeus also joined as a multi-round investor.

The company is adding Anna Nekoranec, co-founder and CEO of Align Private Capital, to Clearspeed’s board.

Clearspeed’s technology is designed to assess risk early in the claims and underwriting processes, helping to make faster and more accurate decisions to improve customer outcomes and cut down on claims handling time. The company’s voice analytics technology identifies potential risk in speech using vocal, including assessing risks like fraud and insider threats.