Enterprise no-code software platform provider Unqork has struck a strategic partnership with Life.io to develop insurance solutions, just weeks after raising $207 million in Series C funding and achieving a $2 billion valuation.
Life.io, a subsidiary of SE2 and the provider of customer engagement solutions for the insurance and financial services sectors, will use Unqork’s platform to build integrated quote, needs analysis, app and dashboard suites for insurers offering life and annuity products across multiple distribution channels.
Jon Cooper, chief executive officer of Life.io, said: “Unqork’s no-code platform is a great complement to Life.io’s expertise in design and engagement. This combination allows carriers to be nimble and quickly deliver a highly flexible product that truly puts customers and advisors at the center of the experience.”
Farooq Sheikh, insurance go-to-market lead at Unqork, said: “Life.io is a market-leading provider of customer engagement solutions for the insurance industry and we are proud to partner with Life.io.”
“Having an ecosystem of solution providers like Life.io building products on Unqork is a critical next step in Unqork’s evolution.”
Unqork’s evolution took a huge step earlier in October with a $207 million Series C funding round and a $2 billion valuation.
The round was led by funds and accounts managed by BlackRock, and joined by Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors and Sunley House Capital Management, a subsidiary of Advent International.
Existing investors including CapitalG, Alphabet’s independent growth fund, Goldman Sachs, Broadridge Financial Solutions, Aquiline Technology Growth and World Innovation Lab also participated.
Speaking earlier in October, Gary Hoberman, founder and chief executive officer of Unqork, said: “At Unqork, we pride ourselves in fearlessly taking on huge challenges with our customers. That’s an important characteristic to have when your mission is to completely change the way enterprises create software by offering a better way without code.”
“The same scale that cloud computing brought to infrastructure, Unqork is now bringing to all enterprise software in every industry. That places Unqork in a unique position to capture the $500 billion wasted annually on custom enterprise code and this funding will accelerate our efforts.”