NYC-based Pace, whose AI agents automate back-office operations for insurance companies, raised a $46M series B led by Thrive and Sequoia at a $375M valuation
The startup says its AI agents can handle the dull work insurers have long shipped to offshore operators.
We got to know Jamie as a college intern at Sequoia, and have built maximum conviction in him over the years. Pace is off to the races with exactly the right AI-native solution for the massive insurance industry. We are beyond thrilled to double down on Pace!
Pace is helping insurers underwrite more of the world's risk by making operations serverless and scalable. We've known Jamie for many years and are excited to partner with him on his mission to transform the insurance industry for decades to come.
Today, Pace has raised a $46 million Series B, co-led by @ThriveCapital and @Sequoia, with participation from @emergencecap and @pruvencapital, to help our customers insure more of the world's risk. @pacecom agents have completed more than 250,000 critical insurance operations, […