AI-powered insurance technology company plans $25 million in New York research and development as it builds a larger Manhattan headquarters.
New York is backing a WithCoverage expansion that state officials say will create 205 full-time jobs in New York City and generate $25 million in research and development spending across the state over the next five years. The project represents another attempt by state economic-development officials to position New York as a major center for artificial intelligence, financial technology and insurance innovation.
WithCoverage Plans Larger Manhattan Headquarters
Gov. Kathy Hochul announced the expansion Wednesday, Aug. 12, saying WithCoverage plans to lease 17,663 square feet at 200 Varick Street in Manhattan.
The company will consolidate its existing New York operations into the larger headquarters as it adds workers and expands its technology and risk-management services…