Wow big fintech + insurtech + vertical AI funding round!
@pacecom raised a $46M Series B co-led by
@thrivecapital +
@sequoia
Pace builds AI agents for insurance back-office ops that handle submission intake, policy servicing, claims, + data entry, replacing work traditionally outsourced to BPOs
Some stats on the biz:
- Growing 3x every quarter
- Customers include Prudential, WTW + Newfront
- 250K+ critical insurance workflows completed since launching last year
Fast follow as they raised $10M from
@sequoia in Jan!