Austin-based brokerage platform Gyde has launched with $60 million in financing led by Lightspeed. Gyde is positioning itself as an AI-native brokerage focused on insurance, health, and wealth advisory services. It aims to work with insurance agencies, starting with firms operating in Medicare Advantage, employee benefits, and individual markets.
Indigo, a provider of medical professional liability insurance, announced the closing of a $50 million “oversubscribed” Series B financing, led by existing investor Rubicon Founders. The new capital will support continued expansion of Indigo’s AI-powered underwriting and distribution platform.
Sixfold raised $30 million in a Series B round led by Brewer Lane, with strategic participation from Guidewire, bringing total funding to over $50 million. Founded in 2023, Sixfold builds AI software for insurance underwriting and is used by insurers including Zurich North America, Skyward Specialty, Guardian, Generali GC&C, AXIS, and Mosaic.
Pace, a NY-based AI company for insurance, announced $10 million in funding led by Sequoia Capital. Founded in 2024 and launched in 2025, Pace offers AI agents that can navigate internal apps, reason across documents and make phone calls to automate tasks traditionally handled by business process outsourcers.
Squalify, the Munich-based cyber risk quantification platform backed by Munich Re, has launched Essential CRQ, a streamlined version of its enterprise offering that enables organizations to quantify cyber risk in financial terms in as little as 24 hours, using just 42 targeted inputs.
Source: Insurance Innovation Reporter — Read More • Squalify
Empathy, a startup offering legacy planning and services for people dealing with loss, announced a new partnership with Transamerica. As part of the partnership, Empathy’s post-loss guidance and care platform and its digital planning and legacy-organization product will be made available to eligible Transamerica policyholders and beneficiaries.
Techficient has launched Forthright, an AI-powered fraud detection solution built to help insurance carriers and distributors identify and mitigate fraud in insurance distribution. Forthright uses AI to monitor common types of fraudulent behavior and provide early detection and intervention. The tool is designed to support compliance, improve operational efficiency, and reinforce the integrity of distribution channels.
Source: Insurance Innovation Reporter — Read More • Techficient
