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Upstage Shines in InsurTech 50 by CB Insights

In a significant achievement, Upstage, the global AI company with its Japanese branch Upstage AI Co., Ltd. headquartered in Tokyo, has been named as one of the honorees in CB Insights' esteemed "InsurTech 50" for the year 2025. This accolade recognizes the most innovative companies utilizing AI and data technology to address challenges within the insurance sector. Earlier this year, Upstage was also included in the "AI 100," making this recognition a remarkable continuation of its successful trajectory.

Revolutionizing the Underwriting Process

The insurance industry's underwriting process often faces inefficiencies due to cumbersome paperwork, disorganized data, and a myriad of inquiries from agents and clients. Upstage is at the forefront of addressing these issues with its advanced technologies, including "Document AI" and large language models (LLMs). By leveraging these tools, Upstage efficiently analyzes unstructured data, ensuring transparency, consistency, and reliability in document review and decision-making processes.

This innovation not only alleviates underwriters from excessive administrative burdens but also empowers them to maximize their judgment and expertise, creating a more conducive work environment.

A Purpose-Driven Approach to Technology

At Upstage, the focus is not merely on competing in the AI landscape but on exploring how technology can support human-centric decision-making. Being recognized in the "InsurTech 50" is a testament to Upstage's philosophy, highlighting that it is not just about being the company with the most technology but about being the firm that effectively and purposefully uses technology to shape the future.

Insight from Upstage's CEO

Hiroyuki Matsushita, the CEO of Upstage AI Co., Ltd., expressed his pride in the selection by CB Insights. He stated, “We are honored to be included in the 'InsurTech 50' list. Under our mission of 'Building intelligence for the future of work,' we aim to clarify, accelerate, and humanize the most complex business processes. We are confident that our solutions, integrating AI and Document technology, will foster a new business model that balances trust and efficiency across various industries, including insurance.”

Understanding the InsurTech 50 Award

The "InsurTech 50" report, published annually by CB Insights, identifies the world’s 50 most innovative insurance technology firms. Evaluation metrics include startup funding amount, technological innovation, partnerships, and overall impact on the industry. To check more details about the 2025 report, you can follow this link: CB Insights 2025 InsurTech 50 Report.

About Upstage

Upstage combines AI with document analysis technology to enhance productivity and decision-making for businesses globally. With offices across the United States, Japan, and South Korea, its mission of "Building intelligence for the future of work" is realized through generative AI and Document AI. The company’s "Document Parse" technology transforms various documents like PDFs, Word files, and scanned images into structured data with high accuracy, serving as a crucial foundation for leveraging AI data utilization in Fortune 500 companies and other enterprises worldwide. To know more, visit their official site: Upstage Official Site.

For inquiries regarding this press release, please contact:
Upstage AI Co., Ltd.
Public Relations Department
Email: [email protected]