Grant awarded to ProofTec

27 March 2023

Insurtech ProofTec has been awarded a Federal Government Accelerating Commercialisation grant under a program aimed at helping novel products, services and processes get to market.

Sydney-based ProofTec’s ProofScan solution delivers high tech damage assessment for motor vehicle claim processing.

It has already been rolled out in Portugal under an agreement with FLUXE Insurance Software.

“This project will be transformational for ProofTec as we actively look to leverage our vision AI platform to optimise the motor insurance claims market globally,” ProofTec co-founder and CEO Danny Cohen said.

“This program delivers genuine partners who intimately understand your business.”

ProofTec says its artificial intelligence (AI) visual defect detection allows fast and accurate external condition assessments.

It will distribute the products of FLUXE, a Portugal-based developer of AI-powered software for the insurance and rent-a-car market and a leader in AI windscreen damage detection, in Australia and New Zealand.