Amount Raised
$15 Million
Round Type
Funding Round
Description
Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. They were surprised to learn how big of a difference there was between what the data told insurers to do and what carriers were actually doing, according to Ross. After studying the problem, Steenbergen and Ross launched Federato to provide insurers a unified view of information to select and price risks.
Quick answer
Federato raised $15 Million in a Funding Round round, dated September 16, 2022.
- How much did Federato raise?
- Federato raised $15 Million in a Funding Round round on September 16, 2022.
- What does Federato do?
- Federato is the only AI-native platform that spans the full policy lifecycle, changing the way insurance work gets done.
- Where is Federato based and how big is it?
- Fundz records about 156 employees.
- Who are the decision-makers at Federato?
- Fundz holds 2 contacts at Federato, including the CEO . Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Insurance and Artificial Intelligence around the same time
Companies in the same sectors as Federato that raised within 45 days of this round, from Fundz verified event records.
- Lambda raised $40M on October 31, 2022.
- Cognida.ai raised $4.7M on October 28, 2022.
- Versa Networks raised $120M (Funding Round) on October 27, 2022.
- Protexxa raised $4M (Seed) on October 27, 2022.
- Deepspatial raised an undisclosed amount (Convertible Note) on October 27, 2022.
- Allstacks raised $12M (Series A) on October 26, 2022.
Who to call at Federato, and when
A new round usually means Federato is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Federato raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Federato, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Federato. With Fundz connected, it knows.
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Fundz sees it the moment Federato raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Federato raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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