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2h ago

FurtherAI Raises $25 Million Series A Led by Andreessen Horowitz to Scale Insurance AI Workflows

FurtherAI plans to expand insurance-specific workflows, deepen carrier integrations, grow sales teams.

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FurtherAI's Series A, a $25M round led by Andreessen Horowitz, aims to transform the insurance industry by automating workflows and eliminating manual busywork for professionals.

Overview

  • The round brings total funding to $30 million after a $5 million seed roughly six months ago, with participation from Nexus Venture Partners, Y Combinator, Xceedance and BTV.
  • FurtherAI says it will use the capital to expand its workflow library, strengthen integrations with carrier and broker systems, and scale sales and engineering.
  • The company reports processing billions in premiums for clients including Accelerant, MSI and Leavitt Group, and says revenue has reached seven figures.
  • Company-quoted results include up to 95% accuracy in policy comparisons and 10x faster proposal generation versus manual processes.
  • Founded in 2023 by CEO Aman Gour and CTO Sashank Gondala out of Y Combinator, the startup positions its platform as insurance-native with a forward-deployed engineering model as competition intensifies.