Reserv raises $125M Series C at $100M ARR to scale AI-powered insurance claims processing

Reserv, a New York-London AI-native insurance claims processor, closed a $125 million Series C led by KKR, reaching $100 million in annual recurring revenue while processing 500,000 complex claims annually. Founded in 2022 by CJ Przybyl and Martha Dreiling, Reserv has more than doubled its claims processing capacity every year. The Reserv Glance platform uses fully explainable AI to analyze and act on priority claims, allowing clients to phase out legacy systems within weeks. The company plans to scale from 500,000 annual complex claims to 30 million over the next four years. KKR is deploying capital through its Next Generation Technology Growth strategy.