Cambridge Technology Enterprises’ arm Cambridge Innovations has reportedly offloaded shares worth $2,50,000 in start-up Roadzen to a Hong Kong-based Chinese investor.
Roadzen claims to help insurers underwrite risk with better data, interact with customers in real time, provide roadside assistance to stranded customers and process auto claims instantly.
Cambridge Technology set up Cambridge Innovations to explore investment opportunities in early and growth-stage start-ups working in areas like artificial intelligence and machine learning. It has so far invested in 10 such start-ups.
Cambridge Technology Enterprises (CTE) is a leading global technology company transforming organizations into AI-first leaders.
