Radar · InsurTech in Massachusetts
Best InsurTech Companies in Massachusetts, United States
The 118 best InsurTech companies in Massachusetts, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Pegasystems.
By Riya SenguptaFinancials
118companies tracked
$3.2Bdisclosed funding
1unicorns
57have raised
FLIAR INTELLIGENCE · INSURTECH × MASSACHUSETTS
Our analysis of 50 InsurTech companies
$13.8b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
100%cloud-native stacks
2025funding peak (by rounds)
9unicorns
2018median founding year
912kcombined LinkedIn audience
69%of audience held by top 3
2companies hiring publicly (12 mo)
Ranked: Best InsurTech companies in Massachusetts
| # | Company | Disclosed funding | Last round | Employees | Founded | 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 +52% | 1983 | 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 | 2 mo ago | 318 318 → 482 (+52%) · sector median +52% | 2010 | William Powers Co-Founder & CEO | 337 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 +52% | 2011 | 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 +52% | 2000 | Carl Strempel Co-Founder / CFO | — | 1 partnership |
| 5 | Openly Premium home insurance provider supporting independent agents 74Funding top 15%Growth top 18%News top 19%Moat top 31% All 9 signals ▾Fundingtop 15% Growthtop 18% Newstop 19% Moattop 31% Techtop 33% Producttop 41% Partnerstop 45% Marketbottom 48% Globalbottom 37% Funding: Raised $238M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) Growth: Headcount 44 → 157 (+257%) across vintages · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 74/100 | $238M | 2 mo ago | 157 157 → 376 (+139%) · sector median +52% | 2017 | — | — | 2 awards |
| 6 | Corvus Insurance AI based policy development software for the commercial insurance industry | $162M | 63 mo ago | 21 | 2017 | — | — | — |
| 7 | Insurify Online comparison platform for car insurance | $154M | 37 mo ago | 67 | 2013 | Giorgos Zacharia Co-founder and Board Member | — | — |
| 8 | Goji Online diversified insurance marketplace | $104M | 103 mo ago | 92 | 2006 | Géraldine Beaulieu Co-Founder | 11 patents RF-based sensing and heating for processing and tracking consumable products | — |
| 9 | 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 +52% | 2018 | Stan Smith Founder & CEO | 28 patents Patents concentrated in health & consumer products | 1 award |
| 10 | Assured Allies Predictive solutions for the aging journey of the policyholder | $65M | 39 mo ago | 99 | 2017 | Afik Gal Co-Founder | — | — |
| 11 | Sayata Insurance quoting solutions for the insurance industry | $60M | 52 mo ago | 72 | 2016 | Avishay M. Co-Founder and CTO | — | 1 launch · 1 partnership |
| 12 | Noyo Insurance data exchange and benefit administration solutions for employers | $58M | 49 mo ago | 72 72 → 99 (+38%) · sector median +52% | 2011 | Shannon Goggin Co-Founder & CEO | — | 1 launch |
| 13 | Maxwell Health Employer benefit administration platform | $56M | 123 mo ago | 112 | 2012 | — | — | — |
| 14 | OneShield Cloud-based insurance policy and claims management solutions for the p&c insurance industry | $52M | 15 mo ago | 105 | 1999 | Vivek Gujral Founder & CTO | — | 2 partnerships |
| 15 | Hi Marley Provider of AI and cloud-based conversational platform for the insurance industry | $42M | 63 mo ago | 78 78 → 173 (+122%) · sector median +52% | 2015 | — | 30 patents Industrial heating and thermostatic control systems for trench and hot‑water applications | 1 launch |
| 16 | EverQuote Online comparison platform for automotive & other insurances | $38M | 111 mo ago | 865 | 2011 | — | — | — |
| 17 | eMaxx Provider of software suite solutions for the insurance industry | $37M | 21 mo ago | 51 | 2006 | Brian McCarthy Group CEO | — | — |
| 18 | Wagmo Provider of monthly membership plans for pet insurance and routine care | $28M | 29 mo ago | 38 38 → 59 (+55%) · sector median +52% | 2018 | Alison Foxworth Co-Founder | — | 1 expansion |
| 19 | Catch Benefits plan provider for freelancers | $26M | 60 mo ago | 22 | 2016 | Andrew Ambrosino Founder | 6 patents Patents concentrated in chemistry & materials | — |
| 20 | Enservio Contents claims management | $23M | 203 mo ago | 337 | 2004 | — | 13 patents AI-driven personal asset valuation and conditional dual-activation financial product platforms | — |
| 21 | HeraldAPI Cloud-based insurance quoting solutions for the P&C insurance industry | $20M | 20 mo ago | 22 | 2021 | Duncan Crystal Co-Founder | — | 1 job opening |
| 22 | Ametros Provider of medical funds management and settlement services | $20M | 103 mo ago | 117 117 → 222 (+90%) · sector median +52% | 2010 | — | 2 patents Smart home control and automation of residential HVAC and lighting systems | — |
| 23 | 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 | 2014 | Madison May Co-Founder & CTO | — | — |
| 24 | Bento Online platform for employee health benefits | $19M | 46 mo ago | 46 | 2017 | — | — | — |
| 25 | Health Sciences Provider of infrastructure enabling businesses to offer various insurance products | $17M | 100 mo ago | 85 | 2000 | Martin Cannon Co-Founder | 2,146 patents Patents concentrated in health & consumer products | — |
| 26 | Connie Health Provider of Medicare plan selection assistance and licensed insurance agents | $16M | 58 mo ago | 54 | 2019 | Michael Scopa Co-Founder | — | — |
| 27 | Veruna Agency management software for insurance agents | $15M | 32 mo ago | 58 | 2015 | — | — | — |
| 28 | Truemotion AI-based data monitoring & insights for the insurance and financial service industry | $12M | 105 mo ago | 118 | 2012 | Moshe Dalman Co-Founder & CEO | 79 patents Vehicle telematics for driver identification, safety monitoring, and crash detection | — |
| 29 | Boundless Rider Online platform offering two-wheeler insurance products | $11M | 32 mo ago | 10 | 2021 | Blair Baldwin Co-Founder & CEO | — | — |
| 30 | Wunderite Provider of customer-facing solutions for insurance agencies | $11M | 13 mo ago | 17 17 → 21 (+24%) · sector median +52% | 2015 | Peter Macdonald Co-founder & CEO | — | — |
| 31 | Energetic Insurance Data-driven insurance risk management for commercial solar financing | $11M | 56 mo ago | 12 12 → 12 (+0%) · sector median +52% | 2016 | Jeff McAulay Co-Founder | — | 2 launchs |
| 32 | Blue Cod Technologies Provider of insurance suite solutions | $10M | 153 mo ago | 64 | 2000 | Bryan Taylor CEO & President | — | — |
| 33 | Relativity6 Machine learning-based customer engagement solution for insurance industry | $7M | 32 mo ago | 26 26 → 16 (-38%) · sector median +52% | 2016 | — | — | — |
| 34 | TowerIQ Insurance solutions provider optimizing operations through technology, consulting, and support | $7M | 72 mo ago | 14 | 2017 | Adam Demos Founder & CEO | — | — |
| 35 | Certificate Hero Cloud-based insurance certificates management solutions for insurance brokers | $6M | 31 mo ago | 13 | 2020 | Michael Yanoff Founder & CEO | — | 1 partnership |
| 36 | Surround Insurance Cloud-based insurance platform auto insurance | $5M | 43 mo ago | 14 | 2018 | Kate Terry Cofounder and Chief Executive Officer | — | — |
| 37 | WriteWise Provider of risk transfer platform to reduce health insurance costs | $5M | 31 mo ago | — | 2023 | Nadav Mor Co-Founder | — | — |
| 38 | Benefits Science Provider of cloud-based cost containment solution for healthcare providers | $4M | 82 mo ago | 49 | 2012 | Sid Mann Co-Founder | — | — |
| 39 | OnSource Vehicle and property photo inspections via smart phone apps for claims handling | $2M | 134 mo ago | 78 | 2011 | — | — | — |
| 40 | Enthea Provider of health insurance benefit plans for psychedelic healthcare | $2M | 42 mo ago | 9 | 2019 | Dan Rome Co-founder | — | — |
| 41 | Talem Systems Provider of data driven solutions for insurance professionals and clinicians | $2M | 64 mo ago | 10 | 2017 | Matthew Kay Co-Founder | — | — |
| 42 | Machine Cover Provider of parametric insurance technology and solutions | $2M | 16 mo ago | — | 2001 | Inder Gujral Founder | — | — |
| 43 | Everyday Life Life insurance platform for individuals | $2M | 61 mo ago | 11 | 2018 | Jake Tamarkin Chief Executive Officer | — | — |
| 44 | Agencyport Insurance Technology software solutions | $1M | 281 mo ago | 106 | 2000 | Curt Stevenson CEO | — | — |
| 45 | AIR Worldwide Cloud based risk management and assessment solutions for insurance | $836K | 105 mo ago | 38 | 1987 | — | — | — |
| 46 | Alivia Analytics AI-based claims management solution for healthcare payers | $280K | 44 mo ago | 1 | 2014 | — | — | 1 partnership |
| 47 | MassDrive Insurance service providing auto, home, renters, pet, travel, and life quotes | $150K | 191 mo ago | 71 | 2009 | Bill Suneson Co-Founder & CEO | — | — |
| 48 | ValChoice Independent ratings for car and home insurance, unbiased and trusted | $120K | 120 mo ago | — | 2013 | Dan Karr Founder and CEO | — | — |
| 49 | Moisture Mapper Water damage claims management solutions | $100K | 165 mo ago | 6 | 2003 | — | — | — |
Top 12 InsurTech companies in Massachusetts
#1
Series D · Cambridge, Massachusetts · founded 2010 · 318 employees$502.5Mraised▾
Series D · Cambridge, Massachusetts · founded 2010 · 318 employees
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.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Patents
top 10%Funding
top 19%Moat
top 26%Product
top 28%Talent
top 28%Innovation
top 29%Patents: 394 patents matched (strict assignee match) · 258 filings since 2022 vs 126 in 2017-21 · Latest publication 2026
Funding: Raised $502M across 3 rounds · 3 rounds over 12 yrs (0.2/yr) · Last round Series D (Mar 2026)
Moat: Editorial + unicorn rating 8/10 · IP moat: 394 patents · Soonicorn
Audience (LinkedIn): 17k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026Series D$350M
- Dec 2018Series C$500M
- Sep 2014Series A$2.5M
Founders & team
Investors
SoftBank Vision Fund, TPG, Allianz X, State Farm, Raptor Group, Ten Coves Capital
Tech stack
Amazon SesAmazon Web ServicesAosCloudflareCloudflare Bot ManagementContact Form 7
#2
Series E · Boston, Massachusetts · founded 2017 · 157 employees$237.6Mraised▾
Series E · Boston, Massachusetts · founded 2017 · 157 employees
Premium home insurance provider supporting independent agents. The platform enables independent home insurance agents to provide quotes to their clients. It offers benefits and coverages to its clients, which are sold through a network of independent agents.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Funding
top 15%Growth
top 18%News
top 19%Moat
top 31%Tech
top 33%Product
top 41%Funding: Raised $238M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Series E (Apr 2026)
Growth: Headcount 44 → 157 (+257%) across vintages · Fresh capital in last 24 mo
News: 5 BI events in 12 mo (of 23 tracked, 5 types) · +150% YoY · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 24k LinkedIn followers — 2.7% of this cohort's audience · 38 engagements/post (1.9× cohort median)
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
- Apr 2026Series E—
- Jan 2025Series E$123M
- Jan 2025Conventional Debt$70M
- Sep 2023Series D$100M
Investors
Gradient Ventures, Eden Global Partners, Clocktower Ventures, Trinity Capital, Obvious Ventures, PJC
Tech stack
Amazon AlbAmazon Web ServicesApple Icloud MailBootstrapCdnjsCloudflare
#3
Series C · Boston, Massachusetts · founded 2018 · 108 employees$89.7Mraised▾
Series C · Boston, Massachusetts · founded 2018 · 108 employees
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.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 24%Product
top 28%Moat
top 32%Tech
top 36%Innovation
top 42%AI
top 45%Funding: Raised $89.7M across 4 rounds · 4 rounds over 7 yrs (0.6/yr) · Last round Conventional Debt (Mar 2026)
Product: 1 product launch event in 12 mo, 1 the year before · 3 distinct product lines · Company stage: Series C
Moat: Editorial + unicorn rating 7/10 · IP moat: 28 patents · 10 curated direct competitors tracked
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt—
- Jun 2024Series C$56.1M
- Apr 2021Series B$20M
- Oct 2019Series A$8.7M
Founders & team
Investors
American Family Ventures, Stone Point Capital, Bailey Southwell, Sandbox Industries, MassMutual Ventures, Forte Ventures
Tech stack
Amazon Web ServicesApple Icloud MailAzureBootstrapCloudflareCloudflare Bot Management
#4
Series B · Boston, Massachusetts · founded 2014 · 100 employees$19Mraised▾
Series B · Boston, Massachusetts · founded 2014 · 100 employees
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.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
AI
top 8%Innovation
top 23%Talent
top 28%Funding
top 33%Moat
top 39%Tech
top 40%AI: Classified as an agentic-AI company
Innovation: 4 new-product events in 24 mo · Deep-tech classification: Artificial Intelligence, Agentic Ai
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding rounds
- Oct 2025Series B—
- Jun 2024Series B$19M
- Dec 2020Series B$22M
- May 2019Series A$4.1M
Founders & team
Investors
.406 Ventures, Guidewire, Sandbox Industries, Osage Venture Partners, Jump Capital, Techstars
Tech stack
Amazon Web ServicesBootstrapCloudflareCloudflare Bot ManagementCore-JsFont Awesome
#5
Series E · Marlborough, Massachusetts · founded 1999 · 105 employees$52.5Mraised▾
Series E · Marlborough, Massachusetts · founded 1999 · 105 employees
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.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 17k LinkedIn followers · 39 engagements/post (2.0× cohort median)
Activity: 2 partnerships (incl. Medical Assurance Company of Mississippi (MACM)) announced in 12 mo
Funding rounds
- Feb 2025Conventional Debt—
- Jan 2022Series E$50M
- Nov 2020Series E—
- Oct 2003Series D$2.5M
Founders & team
Investors
Earlybird, Pacific Lake Partners, Bain Capital Credit, Maven Equity Partners, WSC & Company, Peterson Partners
Tech stack
Amazon Web ServicesAtlassian JiraBackbone.JsBootstrapBreakdanceCdnjs
#6
Series B · Peabody, Massachusetts · founded 2006 · 51 employees$37.2Mraised▾
Series B · Peabody, Massachusetts · founded 2006 · 51 employees
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.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Funding rounds
- Sep 2024Series B$20M
- Jan 2023Series A$1.2M
- Dec 2020Series A$2.1M
- Mar 2015Series A$3.5M
Founders & team
Tech stack
AutoptimizeCloudflareCloudflare Bot ManagementCookie NoticeDiviGodaddy
#7
Series A · Boston, Massachusetts · founded 2015 · 17 employees$10.8Mraised▾
Series A · Boston, Massachusetts · founded 2015 · 17 employees
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.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Funding rounds
- May 2025Series A$1.4M
- Jan 2023Series A$7.2M
- Apr 2021Seed$3M
Founders & team
Investors
Spark Capital, Correlation Ventures, York IE, SSC Venture Partners, Jere Doyle Enterprises, Dorm Room Fund
Tech stack
Amazon S3Amazon Web ServicesAxiosCalendlyCart FunctionalityCloudflare
#8
Series A · Boston, Massachusetts · founded 2021 · 22 employees$20Mraised▾
Series A · Boston, Massachusetts · founded 2021 · 22 employees
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.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers
Hiring: 1 hiring post in 12 mo (public) · hiring: Deployment Strategist
Activity: 1 product launches · 1 partnerships (incl. Joshu) announced in 12 mo
Funding rounds
- Oct 2024Series A$12M
- Dec 2021Seed$8M
Founders & team
Investors
Lightspeed Venture Partners, Underscore VC, Brewer Lane Ventures, Afore Capital
#9
Series B · Cambridge, Massachusetts · founded 2013 · 67 employees$154.1Mraised▾
Series B · Cambridge, Massachusetts · founded 2013 · 67 employees
Online comparison platform for car insurance. It offers insurance quotes for accident coverage, home protection, vehicle repair protection, property damage protection, life coverage, and more. It also offers claim assistance solutions.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 10k LinkedIn followers · 92 engagements/post (4.7× cohort median)
Activity: 1 product launches · 1 awards announced in 12 mo
Funding rounds
- Apr 2023Series B$22.4M
- Sep 2021Series B$100M
- Nov 2019Series A$23M
- Mar 2017Series A$4.6M
Founders & team
Investors
MassMutual Ventures, Nationwide, Rationalwave, MTech Capital, Viola FinTech, Hearst
Tech stack
Amazon AlbAmazon Web ServicesApple Icloud MailAws Certificate ManagerBootstrapCloudflare
#10
BitSight 🦄Series E · Boston, Massachusetts · founded 2011 · 396 employees$398Mraised▾
BitSight 🦄
Series E · Boston, Massachusetts · founded 2011 · 396 employees
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.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 87k LinkedIn followers — 9.5% of this cohort's audience
Activity: 1 awards announced in 12 mo
Funding rounds
- Sep 2021Series E$250M
- Jun 2018Series D$60M
- Sep 2016Series C$40M
- Jun 2015Series B$23M
Founders & team
Investors
Warburg Pincus, Menlo Ventures, GGV Capital, Singtel Innov8, Flybridge Capital Partners, Globespan Capital Partners
Tech stack
6SenseAcquia Cloud PlatformAmazon SesAmazon Web ServicesAudioeyeBootstrap
#11
Series A · Cambridge, Massachusetts · founded 2018 · 38 employees$28.3Mraised▾
Series A · Cambridge, Massachusetts · founded 2018 · 38 employees
Provider of monthly membership plans for pet insurance and routine care. The company offers wellness and pet insurance for customers. It offers preventative care through reimbursements for routine expenses like vaccinations, and flea, tick, and heartworm prevention by using veterinary data.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers
Activity: 1 partnerships · 1 expansions (incl. Fi) announced in 12 mo
Funding rounds
- Jan 2024Series A—
- Aug 2023Series A$8.9M
- Jul 2021Series A$14M
- Dec 2019Seed$4.2M
Founders & team
Investors
Revolution, Female Founders Fund, Clocktower Ventures, Vestigo Ventures, Harlem Capital, The Fund
Tech stack
Amazon CloudfrontAmazon Web ServicesApple Icloud MailAws Certificate ManagerBuilder.IoCloudflare
#12
Seed · Boston, Massachusetts · founded 2001$1.5Mraised▾
Seed · Boston, Massachusetts · founded 2001
Provider of parametric insurance technology and solutions. It offers a platform for creating and selling parametric insurance products across various sectors. The company utilizes data analysis and machine learning to assess risk and determine payout structures. Its technology enables the seamless integration of parametric offerings into existing insurance platforms or as standalone solutions. This approach simplifies risk management and claim processes for both insurers and clients.
Funding rounds
- Feb 2025Seed$1.5M
Founders & team
Investors
Fin Capital
Funding & investor landscape
$3.2Btotal disclosed funding
51companies funded
160disclosed rounds
2rounds last 90 days
Most active investors
Techstars6 rounds
Viola FinTech4 rounds
Notable founders
William Powers
Co-Founder & CEO · Cambridge Mobile Telematics
Samuel Madden
Co-Founder & Chief Scientist · Cambridge Mobile Telematics
Stan Smith
Founder & CEO · Gradient
Madison May
Co-Founder & CTO · Indico Data
Diana Yuan
Co-Founder & SVP · Indico Data
Vivek Gujral
Founder & CTO · OneShield
Brian McCarthy
Group CEO · eMaxx
Peter Macdonald
Co-founder & CEO · Wunderite
Duncan Crystal
Co-Founder · HeraldAPI
Matthew Antoszyk
CEO · HeraldAPI
Giorgos Zacharia
Co-founder and Board Member · Insurify
Snejina Zacharia
Co-Founder & Co-CEO · Insurify
Prism market signals · United States · country-scoped Prism corpus, 1,517,628 docs
Market landscape — 10 sub-themes by coverage
Share of InsurTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many InsurTech companies are there in Massachusetts, United States?
Radar tracks 118 indexable InsurTech companies headquartered in Massachusetts, United States that meet our profile-completeness bar.
What is the total funding raised by InsurTech companies in Massachusetts, United States?
The InsurTech companies in Massachusetts, United States on this list have raised a combined $3.2B in disclosed equity funding across 51 funded companies.
Which is the highest-funded InsurTech company in Massachusetts, United States?
Pegasystems is the highest-funded InsurTech company in Massachusetts, United States, with $525M in disclosed equity funding.
How many InsurTech companies in Massachusetts, United States are funded?
51 of the 118 InsurTech companies in Massachusetts, United States on this list have disclosed at least one equity funding round.
How many InsurTech unicorns are there in Massachusetts, United States?
1 InsurTech company in Massachusetts, United States on this list is valued at $1B or more.
Who are the top investors in Massachusetts, United States InsurTech companies?
The most active investors in Massachusetts, United States InsurTech companies on this list include Techstars, InsurTech Directory, Bain Capital Ventures, Clocktower Ventures, InsurTech NY.
Riya SenguptaFinancials
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.