🎉We’re excited to share that CCC Intelligent Solutions has acquired our portfolio company, EvolutionIQ, a leader in AI-powered disability and injury claims management!🎉 As an early investor and partner of EvolutionIQ, we've watched them redefine the claims experience with innovative AI-driven solutions like Next Best Action recommendations and medical summarization. This milestone marks an exciting new chapter as EvolutionIQ joins CCC to expand their transformative solutions and help claimants return to health faster. Congratulations to Michael Saltzman and the entire EvolutionIQ team. We’re proud to have been part of EvolutionIQ’s journey and look forward to their continued impact. Read the press release here: https://bit.ly/4h41ogb
About us
Since 2012, New York Life Ventures has connected the strength of New York Life with the speed and agility of the start-up community. In relentlessly seeking new technologies that will power the future of New York Life’s life insurance, long-term care insurance, annuities, and asset management businesses, the team utilizes a strategic testing and investing approach that has a proven track record of driving opportunity and growth for start-ups and the ongoing evolution of New York Life. With a fully staffed research and development lab, NYL Ventures enables a build capability for New York Life and, with its Innovation Services unit, fosters a network of innovation internally at the company.
- Website
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http://www.nylventures.com
External link for New York Life Ventures
- Industry
- Financial Services
- Company size
- 10,001+ employees
- Headquarters
- New York, NY
Updates
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We’re thrilled to welcome Helen Sohn as our new Director of Business Development at New York Life Ventures! Helen brings deep expertise in Insurtech and strategic partnerships from her time at Ethos and Munich Re. She also has a special connection to New York Life, where she began her career in the actuarial rotation program, spending four and a half years developing her actuarial career. Our Business Development team drives impactful partnerships between startups and New York Life’s business units, accelerating innovation across the enterprise. With her unique perspective and proven track record in product development and partnerships, Helen is the perfect fit to lead this charge. Join us in welcoming Helen back to New York Life as she helps us uncover new opportunities and foster innovation!
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We’re thrilled to share that Crusoe has raised a $600 million Series D round led by Founders Fund! 🚀 Crusoe continues to redefine AI infrastructure with their unique approach to developing next generation data centers, and this milestone advances their mission to align the future of computing with the future of the climate. We’re also excited about the general availability of Crusoe Cloud, a high-performance platform enabling developers and data scientists to accelerate AI and machine learning innovation with seamless scalability. Congratulations to Chase Lochmiller, Cully Cavness, and the rest of the Crusoe team on this achievement! #AI #DataCenters #CleanEnergy #VentureCapital #ML
“The biggest risk with AI is that we don’t go big enough.” - Peter Thiel, Founders Fund. At Crusoe, we are making the promises of #AI a reality. Thrilled to announce our $600 million series D funding and general availability! https://lnkd.in/gkw_qfzj
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We're excited to share that Sandi Tillotson, Chief Compliance Officer of New York Life Insurance Company, has joined Norm Ai's Regulatory Advisory Board! New York Life Ventures is deeply committed to supporting entrepreneurs who drive innovation in the insurance and broader financial services industries. Connecting forward-thinking leaders like Sandi with the entrepreneurial team at Norm exemplifies this approach in action. Sandi joins a distinguished group of experts, including a former White House Regulatory Czar, a former SEC Commissioner, and a former Superintendent of New York Department of Financial Services. Together, Norm's Regulatory Advisory Board is helping the company expand and navigate across regulatory and compliance frameworks.
Thrilled to announce that today the Chief Compliance Officer of New York Life Insurance Company, Sandi Tillotson, joined our Regulatory Advisory Board. New York Life Insurance Company, a Fortune 100 company with a 179-year legacy, is the largest mutual life insurance company in the U.S. and one of the largest life insurers in the world. With a network of over 12,000 insurance agents, New York Life serves millions of clients nationwide. The company also manages more than $800 billion in investment assets, spanning diverse asset classes and global markets. Sandi leads NYL’s compliance programs across both its insurance and investment operations, while also overseeing the company’s ethics, anti-money laundering, and privacy programs. Prior to NYL, Ms. Tillotson served as a Litigation Associate with Bingham McCutchen LLP. She began her career in 1994 serving as a Public Affairs Specialist in the Office of Ambassador Madeleine K. Albright, U.S. Mission to the United Nations. Ms. Tillotson holds a J.D. from the Columbia University School of Law. Ms. Tillotson brings more than 20 years of legal and compliance leadership experience to the Norm Ai Regulatory Advisory Board, where she will be working closely with us as we deploy our AI-powered compliance workflow automation capabilities for large enterprises. John Nay, CEO of Norm Ai, said: “We have already greatly benefited from learning from Sandi and her teams at New York Life, and we are thrilled to formally welcome her to our Regulatory Advisory Board.” “New York Life is committed to leveraging innovative technology, including for compliance, to deliver on our mission and enhance experiences for our clients, agents, and employees,” said Ms. Tillotson. “I have seen the Norm Ai team execute rapidly, and I am excited to advise their expansion across regulatory frameworks and compliance workflows.” Ms. Tillotson joins a broader Norm Ai Regulatory Advisory Board that includes a former White House Regulatory Czar, former SEC Commissioner, and the former Superintendent of the New York Department of Financial Services.
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Emily Zhu, Investor at New York Life Ventures, will join a VC panel on "Navigating AI Funding in 2025" at the TechDay AI Founders Day event on Thursday, November 21st in New York City. The panel will feature VCs sharing insights on securing funding for AI startups and their thoughts on the evolving 2025 AI startup landscape. We're proud to have Emily represent New York Life Ventures and share our unique perspective as an insurer-backed VC investing in transformative AI technologies! You can register for TechDay AI Founders Day here: https://lu.ma/6bmnoex9
🕵️ One week to go until you can get the inside scoop on what VCs really expect the #AI funding environment to look like in 2025… Register for TechDay AI Founders Day to learn more about how to source #funding for your AI startup at the Navigating AI Funding in 2025 VC Panel, featuring Betsy Mulé of F-Prime Capital Thomson Nguyen of Saga Ventures Emily Zhu of New York Life Ventures Charlie Stephens of Fidelity Investments Tickets are going fast! Register here: https://lu.ma/6bmnoex9 #Startup #NYC #Founder #Pitch #VentureCapital #VC #VCPanel
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We’re thrilled to welcome Khandker Ahamed as our new Design Strategist at New York Life Ventures! Khandker brings expertise in design thinking, innovation, and user-centered product and service development to our Innovation Services team. His background includes leading cross-functional teams at General Motors and Accenture to drive innovation and streamline processes as well as founding two startups. Our Innovation Services team helps to solve old problems in new ways. Using a 'humanity-centric' design approach, our Innovation Services team helps facilitate innovation at New York Life by partnering internally with business units on business-critical project work, modernization efforts, employee engagement, and enterprise-wide initiatives. Join us in welcoming, Khandker!
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Last week, New York Life Ventures’s Head of Innovation Services, Elizabeth Yenko, attended InnoLead’s Impact 2024 conference in Cambridge, MA, where she led a breakout session with corporate innovation peers from across industries! Elizabeth shared insights from New York Life Ventures’ innovation journey, along with best practices and learnings on driving impactful change. It was a fantastic exchange of ideas and an opportunity to connect with leaders who dedicated to advancing innovation across verticals. Many thanks to Scott Kirsner, Scott Simpson Cohen, Innovation Leader and all who joined the conversation! #Innovation #Leadership #NewYorkLifeVentures #CorporateInnovation #ILxImpact
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New York Life Ventures portfolio company, Crusoe, announced a $3.4 billion joint-venture with Blue Owl Capital and Primary Digital Infrastructure to fund a purpose-built AI data centers at the Lancium Clean Campus in Abilene, Texas! This partnership underscores Crusoe’s leadership in delivering sustainable, large-scale infrastructure to support the growing demand for AI innovation. Congratulations to Chase Lochmiller and the entire Crusoe team on this achievement! #AI #Innovation #Sustainability #DataCenters
Today, Crusoe, alongside Blue Owl Capital and Primary Digital Infrastructure, announced a $3.4 billion joint-venture to fund purpose-built data center capacity at the previously announced Lancium Clean Campus in Abilene, Texas. Under the terms of the fully funded forward takeout, funds managed by Blue Owl’s Real Estate platform and Primary Digital Infrastructure will jointly sponsor the 206 MW, 998,000 square foot data center being designed, built, and operated by Crusoe. “Rapidly expanding demand for purpose-built data centers proves that markets know the future will be powered by #AI,” said #ChaseLochmiller, CEO and co-founder of Crusoe. “We've designed this data center to enable the largest clusters of #GPUs in the world that will drive new breakthroughs in AI. An investment of this magnitude from a leading, trusted asset manager like Blue Owl and Primary Digital Infrastructure is a reflection of Crusoe’s proven ability to meet growing demand for AI compute, and to power these workloads sustainably.” Bill Stein Marc Zahr Matthew DeNezza Cully Cavness Chris Dolan https://lnkd.in/gRupdv9H
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Last week, New York Life Ventures was in great company at InsureTech Connect Vegas. It was an excellent opportunity to bring together our portfolio companies Empathy, EvolutionIQ, and Modern Life, other industry partners, and many new connections to meet and share ideas about the future of the insurance. One highlight was a panel discussion with New York Life Insurance Company’s Regina Warga and Empathy’s Ron Gura on the role of agents during challenging moments in life and the launch of Empathy's new legacy planning product called LifeVault. And special thank you to those who joined the New York Life Ventures Dumpling Dinner 🥟🥢 Reach out if you'd like to join next year! #Insurance #CVC #EmergingTech #Innovation #Partnerships Sumia Shaikh Emily Zhu Tim Del Bello
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