Insurtech Flamingo Ai has received a $1.13 million grant from the Australian Government’s Research and Development Tax Incentive Program.

It will contribute to Flamingo’s development of cognitive virtual assistants and journey assist platforms, and its unsupervised machine learning algorithms.

Founder and CEO Catriona Wallace recently revealed she will move to a Chief Revenue Officer role next year, to focus on Flamingo’s income generation.

Flamingo, which specialises in artificial intelligence for the insurance industry and has bases in Sydney and the US, also revealed its US headquarters will move from New York to Hartford, Connecticut.

Bob Hilborn, who has 30 years’ experience in the IT, financial services and start-up sectors, has been appointed Head of US Operations.