Slingshot Insurance has emerged from stealth with a $27 million Seed investment led by Rally Ventures and Skyward Group to build AI-native infrastructure for embedded insurance.
Slingshot Insurance, the AI-native insurance company, has secured $27 million in seed financing from Rally Ventures and Skyward Group. This funding aims to develop infrastructure to support the rapidly growing embedded insurance market. Several P&C industry veterans also contributed to the round. The company intends to enable industry platforms and agents to capitalize on improving embedded insurance offerings.
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Company Information
Company
Slingshot Insurance
Location
Minneapolis, Minnesota, United States
About
Slingshot Insurance is an AI-native insurance company designed for the rapidly growing embedded economy. It aims to provide technology, capacity, and speed for industry vertical software platforms, managing general agents (MGAs), and insurance distributors. By replacing traditional systems with integrated AI-driven infrastructure, Slingshot dramatically lowers the cost of administering policies and accessing capital. The company focuses on creating viable insurance products for high-frequency, lower-severity risks.
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