San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Socotra is raising $12,858,467.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Daniel Woods played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Socotra

Socotra provides global insurers with a modern, enterprise-grade core system that enables them to accelerate product development, reduce maintenance costs, and improve customer experiences. Founded in 2014 and based in San Francisco, Socotra is the first cloud-native core platform for insurance and the first core system to believe its APIs and configuration formats should be open to the world. The industry has seen Socotra, and it wants more! Our ongoing mission is to meet this demand and liberate a critical industry from the rigid, fragile, over-customized technologies of the past.

To learn more about Socotra, visit http://www.socotra.com/

Contact:
Daniel Woods, Chief Executive Officer
650-353-5713
daniel.woods@socotra.com
https://www.linkedin.com/in/danwoods1/

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved