Best Insurance IT Companies in Massachusetts, United States
The 72 best Insurance IT companies in Massachusetts, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Pegasystems.
Ranked: Best Insurance IT companies in Massachusetts
| # | Company | Disclosed funding | Last round | Employees | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|
| 1 | Pegasystems Wealth management solution provider | $525M | 76 mo ago | 5,406 5,406 → 5,573 (+3%) · sector median +24% | Alan Trefler Founder & CEO | 88 patents Enterprise workflow automation and AI-driven business process management solutions. | 1 launch · 1 award |
| 2 | Cambridge Mobile Telematics Provider of AI-powered telematics and mobility safety solutions 74Patents top 10%Funding top 19%Moat top 26%Product top 28% All 13 signals ▾Patentstop 10% Fundingtop 19% Moattop 26% Producttop 28% Talenttop 28% Innovationtop 29% Newstop 29% AItop 35% Markettop 42% Techtop 42% Globalbottom 47% Growthbottom 44% Customersbottom 39% Patents: 394 patents matched (strict assignee match) · 258 filings since 2022 vs 126 in 2017-21 Funding: Raised $502M across 3 rounds · 3 rounds over 12 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 74/100 | $502M | 3 mo ago | 318 318 → 482 (+52%) · sector median +24% | William Powers Co-Founder & CEO | 394 patents Patents concentrated in computing, sensing & instrumentation | 1 award |
| 3 | BitSight 🦄 Provider of cyber risk intelligence and exposure management solutions powered by AI | $398M | 57 mo ago | 396 396 → 724 (+83%) · sector median +24% | Steve Harvey CEO | — | 1 award |
| 4 | Duck Creek Provider of cloud-based solutions for property and casualty and general insurance | $350M | 72 mo ago | 823 823 → 1,873 (+128%) · sector median +24% | Carl Strempel Co-Founder / CFO | — | 1 partnership |
| 5 | Corvus Insurance AI based policy development software for the commercial insurance industry | $162M | 63 mo ago | 21 | — | — | — |
| 6 | Gradient AI-based claims automation and auditing solutions for the insurance industry 62Funding top 24%Product top 28%Moat top 32%Tech top 36% All 13 signals ▾Fundingtop 24% Producttop 28% Moattop 32% Techtop 36% Innovationtop 42% AItop 45% Patentstop 46% Growthtop 49% Marketbottom 49% Talentbottom 49% Newsbottom 46% Globalbottom 40% Partnersbottom 35% Funding: Raised $89.7M across 4 rounds · 4 rounds over 7 yrs (0.6/yr) Product: 1 product launch event in 12 mo, 1 the year before · 3 distinct product lines rank vs industry peers · Fliar Intelligence Index 62/100 | $90M | 3 mo ago | 108 108 → 130 (+20%) · sector median +24% | Stan Smith Founder & CEO | 28 patents Neuromodulation and bioelectrical membrane therapies, plus adaptive agricultural cutting tools. | 1 award |
| 7 | Assured Allies Predictive solutions for the aging journey of the policyholder | $65M | 39 mo ago | 99 | Afik Gal Co-Founder | — | — |
| 8 | Sayata Insurance quoting solutions for the insurance industry | $60M | 52 mo ago | 72 | Avishay M. Co-Founder and CTO | — | 1 launch |
| 9 | Noyo Insurance data exchange and benefit administration solutions for employers | $58M | 49 mo ago | 72 72 → 99 (+38%) · sector median +24% | Shannon Goggin Co-Founder & CEO | — | — |
| 10 | OneShield Cloud-based insurance policy and claims management solutions for the p&c insurance industry | $52M | 15 mo ago | 105 | Vivek Gujral Founder & CTO | — | 1 partnership |
| 11 | Hi Marley Provider of AI and cloud-based conversational platform for the insurance industry | $42M | 63 mo ago | 78 78 → 173 (+122%) · sector median +24% | — | 30 patents Industrial heating and thermostatic control systems for trench and hot‑water applications | 1 launch |
| 12 | eMaxx Provider of software suite solutions for the insurance industry | $37M | 21 mo ago | 51 | Brian McCarthy Group CEO | — | — |
| 13 | Enservio Contents claims management | $23M | 203 mo ago | 337 | — | 13 patents AI-driven personal asset valuation and conditional dual-activation financial product platforms | — |
| 14 | HeraldAPI Cloud-based insurance quoting solutions for the P&C insurance industry | $20M | 20 mo ago | 22 | Duncan Crystal Co-Founder | — | 1 job opening |
| 15 | Ametros Provider of medical funds management and settlement services | $20M | 103 mo ago | 117 117 → 222 (+90%) · sector median +24% | — | 2 patents Smart home control and automation of residential HVAC and lighting systems | — |
| 16 | Indico Data Developer of an agentic decisioning platform for insurance underwriting and claims 72AI top 8%Innovation top 23%Talent top 28%Funding top 33% All 11 signals ▾AItop 8% Innovationtop 23% Talenttop 28% Fundingtop 33% Moattop 39% Techtop 40% Producttop 49% Marketbottom 47% Globalbottom 43% Growthbottom 40% Newsbottom 38% AI: Classified as an agentic-AI company Innovation: 4 new-product events in 24 mo · Deep-tech classification: Artificial Intelligence, Agentic Ai rank vs industry peers · Fliar Intelligence Index 72/100 | $19M | 7 mo ago | 100 | Madison May Co-Founder & CTO | — | — |
| 17 | Health Sciences Provider of infrastructure enabling businesses to offer various insurance products | $17M | 100 mo ago | 85 | Martin Cannon Co-Founder | 2,146 patents Patents concentrated in health & consumer products | — |
| 18 | Veruna Agency management software for insurance agents | $15M | 32 mo ago | 58 | — | — | — |
| 19 | Truemotion AI-based data monitoring & insights for the insurance and financial service industry | $12M | 105 mo ago | 118 | Moshe Dalman Co-Founder & CEO | 79 patents Vehicle telematics for driver identification, safety monitoring, and crash detection | — |
| 20 | Wunderite Provider of customer-facing solutions for insurance agencies | $11M | 13 mo ago | 17 17 → 21 (+24%) · sector median +24% | Peter Macdonald Co-founder & CEO | — | — |
| 21 | Energetic Insurance Data-driven insurance risk management for commercial solar financing | $11M | 56 mo ago | 12 12 → 12 (+0%) · sector median +24% | Jeff McAulay Co-Founder | — | 2 launchs |
| 22 | Blue Cod Technologies Provider of insurance suite solutions | $10M | 153 mo ago | 64 | Bryan Taylor CEO & President | — | — |
| 23 | Relativity6 Machine learning-based customer engagement solution for insurance industry | $7M | 32 mo ago | 26 26 → 16 (-38%) · sector median +24% | — | — | — |
| 24 | TowerIQ Insurance solutions provider optimizing operations through technology, consulting, and support | $7M | 72 mo ago | 14 | Adam Demos Founder & CEO | — | — |
| 25 | Benefits Science Provider of cloud-based cost containment solution for healthcare providers | $4M | 82 mo ago | 49 | Sid Mann Co-Founder | — | — |
| 26 | OnSource Vehicle and property photo inspections via smart phone apps for claims handling | $2M | 134 mo ago | 78 | — | — | — |
| 27 | Talem Systems Provider of data driven solutions for insurance professionals and clinicians | $2M | 64 mo ago | 10 | Matthew Kay Co-Founder | — | — |
| 28 | Agencyport Insurance Technology software solutions | $1M | 281 mo ago | 106 | Curt Stevenson CEO | — | — |
| 29 | AIR Worldwide Cloud based risk management and assessment solutions for insurance | $836K | 105 mo ago | 38 | — | — | — |
| 30 | Alivia Analytics AI-based claims management solution for healthcare payers | $280K | 44 mo ago | 1 | — | — | 1 partnership |
| 31 | Moisture Mapper Water damage claims management solutions | $100K | 165 mo ago | 6 | — | — | — |
| 32 | Dyad Insurance technology solution provider | $43K | 64 mo ago | — | Jana Willinger Roth Co-Founder | — | — |
| 33 | Claimify Provider of insurance claim processing services | — | 3 mo ago | 24 24 → 21 (-12%) · sector median +24% | Brett Albren Co-Founder & CEO | — | — |
| 34 | Xceedance Provider of consulting, analytics and data sciences for insurance industry | — | 8 mo ago | 1,731 | Arun Balakrishnan CEO & Chairman of the Board | — | 2 awards |
Top 12 Insurance IT companies in Massachusetts
#1
Series D · Cambridge, Massachusetts · founded 2010 · 318 employees$502.5Mraised▾
Provider of AI-powered telematics and mobility safety solutions. It delivers real-time driving risk assessment, crash detection, driver coaching, and claims support solutions for insurers, mobility providers, gig platforms, and public sector organizations. Its AI-driven analytics engine combines data from smartphones, vehicles, and connected devices to generate actionable safety insights, helping reduce distracted driving, improve driver behavior, lower accident rates, and optimize insurance and mobility programs at global scale.
- Mar 2026Series D$350M
- Dec 2018Series C$500M
- Sep 2014Series A$2.5M
#2
Series C · Boston, Massachusetts · founded 2018 · 108 employees$89.7Mraised▾
AI-based claims automation and auditing solutions for the insurance industry. The platform offers solutions for insurance claims management, workflow management, business processing, risk management, and more. It also offers SaaS solutions for broker analytics, risk ranking, portfolio analysis, claims to audit, and more.
- Mar 2026Conventional Debt—
- Jun 2024Series C$56.1M
- Apr 2021Series B$20M
- Oct 2019Series A$8.7M
#3
Series B · Boston, Massachusetts · founded 2014 · 100 employees$19Mraised▾
Developer of an agentic decisioning platform for insurance underwriting and claims. The platform streamlines submission processing, automates data enrichment, and recommends next actions. It helps insurance carriers transform complex submissions and claims into decision-ready insights. The platform supports policy changes, renewals, and customer communications with document processing and workflow automation.
- Oct 2025Series B—
- Jun 2024Series B$19M
- Dec 2020Series B$22M
- May 2019Series A$4.1M
#4
Series E · Marlborough, Massachusetts · founded 1999 · 105 employees$52.5Mraised▾
Cloud-based insurance policy and claims management solutions for the p&c insurance industry. It offers solutions for insurance product configuration, rating, insurance billing, and policy administration management. It also offers document management, detailed reporting, and analysis solutions.
- Feb 2025Conventional Debt—
- Jan 2022Series E$50M
- Nov 2020Series E—
- Oct 2003Series D$2.5M
#5
Series A · Boston, Massachusetts · founded 2015 · 17 employees$10.8Mraised▾
Provider of customer-facing solutions for insurance agencies. It features solutions for online application submission, customer risk profiling, and deal collaboration. It allows users to invite producers, account execs, and client contacts to sign off digitally.
- May 2025Series A$1.4M
- Jan 2023Series A$7.2M
- Apr 2021Seed$3M
#6
Series B · Peabody, Massachusetts · founded 2006 · 51 employees$37.2Mraised▾
Provider of software suite solutions for the insurance industry. It provides insurance underwriting solutions for energy, marine, habitation, construction, and more. It offers services for operational and client-facing business needs. It also offers solutions for loss prevention and safety and litigation management to companies and third parties. It offers solutions for risk management, claims management, and investigation management solution. It also offers insurance agency data management solutions.
- Sep 2024Series B$20M
- Jan 2023Series A$1.2M
- Dec 2020Series A$2.1M
- Mar 2015Series A$3.5M
#7
Series A · Boston, Massachusetts · founded 2021 · 22 employees$20Mraised▾
Cloud-based insurance quoting solutions for the P&C insurance industry. It offers quotes and binds insurance from multiple carriers using a single API. It offers insurance quotes across multiple lines of business including general liability, workers’ compensation, BOP, and more.
- Oct 2024Series A$12M
- Dec 2021Seed$8M
#8
BitSight 🦄Series E · Boston, Massachusetts · founded 2011 · 396 employees$398Mraised▾
Provider of cyber risk intelligence and exposure management solutions powered by AI. The company offers solutions for exposure management, third-party risk management, and cyber threat intelligence. It provides services such as continuous monitoring, vendor risk assessment, and security ratings. The company’s platform helps organizations detect, prioritize, and mitigate threats across their attack surface. It offers governance and reporting tools to improve security posture.
- Sep 2021Series E$250M
- Jun 2018Series D$60M
- Sep 2016Series C$40M
- Jun 2015Series B$23M
#9
Public · Cambridge, Massachusetts · founded 1983 · 5406 employees$525Mraised▾
Wealth management solution provider. Its enterprise AI decisioning and workflow automation platform delivers business transforming value.
- Feb 2020Post IPO$525M
#10
Series B · Boston, Massachusetts · founded 2017 · 99 employees$65Mraised▾
Predictive solutions for the aging journey of the policyholder. The company evaluates needs and creates a customized plan for each family. It offers personnel for backup care, transportation, care management, and more. The company also uses predictive modeling to come up with insurance plans required for seniors and caregivers.
- Mar 2023Series B$42.5M
- Jul 2021Series A$18.3M
- Seed$4.2M
#11
Acquired · Boston, Massachusetts · founded 2000 · 823 employees$350Mraised▾
Provider of cloud-based solutions for property and casualty and general insurance. Its products include a suite solution for insurance billing, claims management, policy management, and a rating engine. It offers solutions for distribution management, data management, CRM, and reinsurance management.
- Jun 2020Series D$230M
- Dec 2019Series C$120M
- May 2005Series A—
#12
Acquired · Boston, Massachusetts · founded 2017 · 21 employees$162Mraised▾
AI based policy development software for the commercial insurance industry. It offers first party and third party coverage for technology services, technology products, and professional services. It also uses proprietary risk models built on data points from IoT sensors to inform underwriting, coverage, and rate while also helping to minimize or prevent cargo damage.
- Mar 2021Series C$115M
- Dec 2019Series B$33M
- Nov 2018Series A$10M
- Feb 2018Seed$4M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Insurance IT coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.