Virtual i Technologies raises $250K investment from APY Ventures

Virtual i Technologies, which offers smart solutions enabling the insurance sector to evaluate risks before pricing, has received a $250K pre-Series A investment from APY Ventures (Bilişim Vadisi VC Fund).

Virtual i Technologies, an insurtech company providing intelligent solutions that allow risks to be assessed before being priced in the insurance sector, has received a $250K pre-Series A investment from APY Ventures (Bilişim Vadisi VC Fund). Having raised a total of $3.4 million to date, Virtual i Technologies aims to redefine risk assessment and selection processes in the non-life insurance sector using artificial intelligence, contributing to business continuity for reinsurers, insurance companies, brokers, and agents by providing up to 100% risk visibility.

Headquartered in Zurich and operating globally, the company enables the insurance industry to transition from goodwill-based underwriting to dynamic, data-driven decision-making mechanisms. The patented ™ Virtual Risk Space developed by Virtual i Technologies offers an innovative solution that allows risks of various scales—from micro to macro—to be evaluated before they occur. As a high-tech and accessible platform for all stakeholders in the industry, ™ delivers instant and visible results to the insurance sector.

The patented ™ solution fundamentally transforms industry paradigms with its ability to increase risk visibility—traditionally accepted as 5% throughout the history of insurance—up to 100%.

Founded in 2018 by Veysel Sinan Geylani, Virtual i Technologies’ first investors were mainly angel investors consisting of insurance and risk professionals. The company received its first institutional investment from Morgan Stanley Multicultural Innovation Lab and also completed its seed investment round in August. Investors from the United States, Germany, Singapore, and Turkey participated in the company’s first investment round.