Iconiq, Kleiner Perkins Back Assured at $1 Billion Valuation

Assured Insurance Technologies Inc., a startup focused on automating insurance claims using artificial intelligence, raised equity funding in a round that values the company at about $1 billion, according to people with knowledge of the matter.

Iconiq Capital and Kleiner Perkins participated in the round, said one of the people, all of whom asked not to be identified discussing confidential information.

A representative for Assured didn’t immediately respond to requests for comment. A representative for Kleiner declined to comment, while a representative for Iconiq said the information was “inaccurate,” but declined to comment further.

Assured, co-founded by Chief Executive Officer ...