Hamilton, Bermuda - Chelsea Avondale, a cutting-edge insurance technology company specializing in scientific underwriting, is pleased to announce the successful completion of its Series C funding round, raising an undisclosed amount. The round was led by MSD Partners L.P. and American Family Ventures, two prominent investment firms in the insurance and technology sectors.

Founded by Nilesh Vasani, Chelsea Avondale is revolutionizing the property and casualty (P&C) insurance industry through the development of Skynet, the world's most precise risk technology. By leveraging scientific principles that drive insurance claims, the company has created a powerful platform that enables accurate and efficient underwriting processes.

Skynet, Chelsea Avondale's proprietary technology, has been meticulously engineered to provide unparalleled risk assessment capabilities for property and casualty insurance. By delving into the fundamental causes of insurance claims, the company has developed a groundbreaking approach to underwriting that significantly enhances the accuracy and precision of risk evaluation.

"Our mission at Chelsea Avondale is to bring scientific underwriting to the forefront of the P&C insurance industry," said Nilesh Vasani, Founder of Chelsea Avondale. "With Skynet, we have unlocked a new era of risk assessment that will transform the way insurance companies operate and mitigate potential losses. We are grateful to our investors, MSD Partners L.P. and American Family Ventures, for their trust and support as we continue to revolutionize the insurance landscape."