Philippine-based insurance technology startup Saphron Pte Ltd raised S$1.4 million in a seed funding round.

The funding was from venture capital fund Sage and venture lab Talino Labs. Saphron, which is incorporated in Singapore, said it will optimize its platform with artificial intelligence and real-time data analytics for underwriting and customer service.

As of March 14, US$1 was equivalent to S$1.36.