PeppercornAI, a Greater Cardiff Area-based insurtech company, has raised £3.25M in funding.

Investors include Wealth Club, EHE Capital, and Angels Invest Wales. The funds will be used to develop PeppercornAI's conversational AI technology and support its B2B pipeline.

Led by CEO Nigel Lombard, PeppercornAI leverages AI to reduce operating costs and enhance customer experience. Last year, the company launched its SaaS platform Pipr to aid the motor industry amidst rising costs.

In April 2022, PeppercornAI also raised £1.8M in seed funding from EHE Capital, underscoring its strong growth trajectory.