Federato Raises $40M in Series C to Expand Global Reach and Advance AI-Driven Underwriting Platform
Federato provides an AI-powered underwriting platform designed to help insurers close deals faster and manage risk more effectively.
Company Name: Federato
Location: San Francisco, CA
Sector: AI-Powered Insurance Underwriting
Funding Details:
- Funding Round: Series C
- Total Funding to Date: $80M
- Lead Investor: StepStone Group (NASDAQ: STEP)
- Other Investors: Emergence Capital, Caffeinated Capital, Pear VC
Purpose of Funding:
The capital will support:
- Operational Expansion globally, with a focus on the UK, Europe, LATAM, and APAC markets.
- Further Development of the AI-native underwriting platform.
Leadership:
- Will Ross, CEO
About Federato:
Federato provides an AI-powered underwriting platform designed to help insurers close deals faster and manage risk more effectively. Its RiskOps™ approach employs AI to:
- Triaging Submissions: Prioritizing opportunities based on business impact.
- Real-Time Feedback: Offering portfolio insights instantly.
- Workflow Consolidation: Integrating processes into a unified, proven system.
The platform addresses challenges in difficult markets, including:
- Aviation
- Commercial Trucking
- Political Violence
- Wildfire
- Hurricane Risks
Federato also delivers baseline efficiencies for more traditional insurance markets.
Looking Ahead:
With its latest funding, Federato plans to accelerate global adoption, further refine its AI capabilities, and continue to empower insurers to navigate complex risk landscapes while optimizing operational efficiency.
