New FNOL Solutions Recognized as Sfara Raises $11.5M in Oversubscribed Series B to Accelerate Sales of Breakthrough Tech [MarketWatch]
Syneos Health, Inc. - Class A (SYNH)
Last syneos health, inc. - class a earnings: 4/30 06:33 am
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Source: MarketWatch
recent completion of its $11.5M financing was over the opportunity for Sfara's technology to penetrate and re-invent FNOL processes in several key industries. FNOL is the term used for First Notice of Loss, where after a vehicular collision, an organization is the first commercial entity to be notified of that collision. The most valuable—and least achieved—form of FNOL is on-scene FNOL, where the entity is notified at the scene of the incident. The second most valuable form is automatic notification, which requires no action from the end user. Sfara's existing technologies provide the two most valuable forms of FNOL, on-scene and automatic. It's also mobile-based, providing ubiquitous coverage without additional hardware. Sfara's crash detection is industry-leading, with an extra layer of AI to reduce false positives that plague the industry. In addition, Sfara's leading-edge technology catches incidents at lower severities that TCUs miss, which often still have high claims costs
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