Federato raised $40M in Series C funding led by StepStone Group to expand operations and its development efforts.

Nov 20, 2024•about 1 year ago

Amount Raised

$40 Million

Round Type

series c

San FranciscoInsuranceArtificial Intelligence

Investors

Pear VcCaffeinated CapitalEmergence CapitalStep Stone Group

Description

Federato, a San Francisco-based provider of an AI-native underwriting platform, raised $40M in Series C funding. The funds will be used to expand operations and further develop their platform for insurers.

Company Information

Company

Federato

Location

San Francisco, California, United States

About

Federato is the only AI-native platform that spans the full policy lifecycle, changing the way insurance work gets done. Its proven agentic AI conducts complex analyses with depth and rigor, freeing up insurer’s human capital to focus on nuanced decisions and relationships. Federato is the independent alternative to legacy systems and provides better business outcomes with capabilities that are built-in to insurers’ workflows, not bolted on.

Related People

6 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends