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Founder in Five: Niels Thoné on stepping down as Sprout.ai CEO

Sprout.ai founder

Niels Thoné is the co-founder and chief growth officer at Sprout.ai, a company using artificial intelligence to automate insurance claims.

The London-headquartered company uses natural language processing technology to scan insurance policy documents, understand the context and create rules. It then runs insurance claims against these rules to check if a claim is covered.

Founded in 2018, by Thoné with Gregoire Cadel and Raphael Guth, Sprout.ai supplies its technology to global insurance companies such as Zurich.

The insurtech has raised nearly $15m (£12m) in funding, including an £8m Series A round in May last year.

In this week’s Founder in Five Q&A, Thoné explains why he recently stepped down as the CEO of Sprout.ai, recalls a time he froze during a pitch and explains why founders should pick angel investors for their network, not their chequebook....