US-headquartered agentic AI vendor, Pace, has secured $46m in Series B funding, co-led by Thrive Capital and Sequoia, with participation from Emergence and Pruven, in order to help insurers automate workflows with AI agents.
The company, which launched last year, said its agentic AI agents have already completed more than 250,000 insurance workflows and scaled back-office operations, such as claims handling and data entry.
The capital raised will be invested to help insurance customers grow their agentic agents to tens of millions of operational tasks this year across the US, Europe and globally.
Jamie Cuffe, founder and CEO of Pace, said that “AI-native operations” can help close the $9trn protection gap.
People:Jamie Cuffe