The company, whose services are being leveraged by insurance entities across India, Singapore, Indonesia and Vietnam, will use the capital to expand and invest in innovative solutions. Founded in 2016 by Amit Naik and Kewal Vargante, MetaMorphoSys is a SaaS-based low code platform preconfigured with benefits, coverages, rules and vocabularies to help insurance companies launch innovative products across categories such as motor, travel, property, life, and health.