Unqork Inc. says it has raised $80 million through a new round of financing.
The New York-based insurtech startup says the lead investor was CapitalG. CapitalG is an arm of Google’s parent company, Alphabet Inc.
Unqork develops a system that companies can use to create large-scale corporate software without anyone writing many, if any, lines of software code.
System architects can put software together by choosing from menus of available modules, and dragging, dropping and rearranging the modules, Unqork says.
Gary Hoberman, Unqork’s chief executive officer, was the global chief information officer at MetLife Inc. Unqork started out by marketing its system to life insurers, health insurers and annuity issuers, and it also attracted property and casualty insurers. Liberty Mutual is one of the company’s first customers.
Unqork says it plans to use cash from the new round of funding to court customers in other sectors.
Unqork opened for business in 2017.