FurtherAI, the leading artificial intelligence platform for the insurance industry, announced the closing of a $25 million Series A funding round led by Andreessen Horowitz — one of the largest Series A rounds ever secured in insurance AI.
The investment follows a $5 million seed round just six months earlier, reflecting rapid industry adoption of specialized AI solutions. Participation in the round included Nexus Venture Partners, Y Combinator, and additional investors, bringing total funding to $30 million.
The new capital will enable expansion of FurtherAI’s insurance-specific workflow library, deeper integration with carrier and broker systems, and scaling of go-to-market operations to meet accelerating demand. The company’s mission centers on automating high-impact insurance workflows — including submissions processing, underwriting audits, claims handling, and policy comparisons — to empower professionals to focus on strategic priorities such as risk management, client relationships, and business growth.
The insurance sector faces mounting challenges, including talent shortages, rising climate risk, and heightened regulatory scrutiny. While many insurers have experimented with AI, generic models often fail to capture the complexity of insurance documentation, and point solutions typically address only narrow use cases. FurtherAI introduces an alternative: an insurance-native AI workspace designed for accuracy, auditability, and scalability. The platform allows teams to begin with a single workflow and expand across multiple processes seamlessly.
“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 “Insurance is the backbone of the economy, but the people running it have been stuck with outdated tools.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.”
Currently, FurtherAI processes billions of dollars in premiums annually, supporting submissions, policy comparisons, claims intake, and compliance checks for leading insurers such as 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 platform’s impact is measurable: insurance teams have doubled productivity, improved submission-to-quote ratios by 15%, achieved over 95% accuracy in policy comparisons, and accelerated proposal generation by a factor of ten.