FurtherAI powers a $7T industry by turning hours into minutes, saving millions, and delivering faster, smarter workflows across underwriting, claims, and compliance.

The people who keep insurance running are overwhelmed. They’re doing trillion-dollar work with outdated tools – buried in PDFs and Excels, juggling manual reviews, and navigating disconnected systems. FurtherAI, the leading AI for insurance, is changing that. The company announced a $25 million Series A led by Andreessen Horowitz – one of the largest Series A ever raised in insurance AI.

The raise comes just six months after its $5M seed round, underscoring the industry’s rapid embrace of domain-specific AI. The round also included Nexus Venture Partners, Y Combinator, amongst others bringing their total funding to $30 million.

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With this new funding, FurtherAI will expand its library of  insurance-specific workflows, deepen integrations with carrier and broker systems, and scale its go to market teams to meet surging demand. The goal is simple: help insurers with its long awaited technology transformation by automating workflows like submissions processing, underwriting audits, claims handling, and policy comparisons through AI so professionals can focus on risk, clients, and growth.

Insurance is under pressure on every front – talent is scarce, climate risk is rising, and regulators demand more transparency. Many insurers have already experimented with AI, but the results fall short: generic tools miss the nuances of complex insurance documents, while point solutions only solve a slice of the problem. FurtherAI offers a third path – an insurance-native workspace that lets insurance teams start with one workflow and expand across many, all while ensuring accuracy, auditability, and scale.

“We’re grateful to partner with leaders across the industry as they modernize operations,” said Aman Gour, Co-Founder and CEO of FurtherAI. “Insurance is the backbone of the economy, but the people running it have been stuck with outdated tools. With this funding, we’re doubling down on building AI workflows that give underwriters, brokers, and claims teams superpowers – freeing them to focus on the work that truly matters.”

Today, FurtherAI processes billions in premiums each year — powering submissions, policy comparisons, claims intake, and compliance checks for leading insurers like Accelerant, MSI, and Leavitt Group.

“We’re excited to partner with the insurance industry to unlock real value with AI – automating the busy work and opening new avenues of growth. With our forward-deployed engineering model, insurance teams work side-by-side with an AI engineer to ensure impact at scale.” said Sashank Gondala, Co-Founder and CTO of FurtherAI.

The impact is clear: teams are doubling productivity, improving submission-to-quote ratios by 15%, reaching over 95% accuracy in policy comparisons, and generating proposals 10x faster.

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Industry leaders are seeing the results firsthand. “The FurtherAI team has been a fantastic partner in rapidly standing up complex enterprise workflows,” said Venkat Raman, Chief BizOps Officer at Accelerant. While Laurie Flanagan of Leavitt Group summed it up: “Implementing FurtherAI has been game-changing — faster turnarounds, higher accuracy, and a platform we can keep expanding.”

This raise cements FurtherAI as the AI workspace powering the future of insurance. “FurtherAI is redefining how insurance gets done,” said Joe Schmidt, Partner at Andreessen Horowitz. “Aman and Sashank are technical founders whose customers see them as true AI partners, not just AI tools. Their early traction signals a generational opportunity to transform insurance.”

FAQs

1. What is FurtherAI and what problem does it solve in insurance?

FurtherAI is an AI platform built specifically for the insurance industry. It helps insurers automate complex workflows like underwriting audits, claims handling, policy comparisons, and submissions processing—freeing professionals from outdated manual tools like PDFs and Excel sheets.

2. How much funding has FurtherAI raised, and who are the investors?

FurtherAI recently raised $25 million in a Series A led by Andreessen Horowitz. Other investors include Nexus Venture Partners and Y Combinator, bringing its total funding to $30 million, just six months after a $5 million seed round.

3. How does FurtherAI improve efficiency for insurance teams?

By automating repetitive workflows, FurtherAI helps teams double productivity, improve submission-to-quote ratios by 15%, achieve over 95% accuracy in policy comparisons, and generate proposals up to 10x faster.

4. Which insurance companies are using FurtherAI today?

Leading insurers such as Accelerant, MSI, and Leavitt Group are using FurtherAI to streamline operations, enhance accuracy, and scale AI-driven workflows across their business.

5. What are FurtherAI’s plans with the new Series A funding?

The company plans to expand its library of insurance-specific AI workflows, deepen integrations with carrier and broker systems, and scale its go-to-market teams to meet growing demand, aiming to transform insurance operations industry-wide.

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