Harbor

Vellum Insurance, founded in 2023 in New York, builds an AI-powered platform that helps insurers and reinsurers measure their underwriting risk. The platform uses AI to automatically extract, validate, and aggregate data generated through managing general agent (MGA) and reinsurance transactions.

Seed · $7M · 2023-10

Novella, founded in 2024 in New York, uses AI agents to automate underwriting analysis, policy processing, renewals, inspections, and complex commercial risk wholesale insurance brokerage workflows.

Undisclosed · $21M · 2026-05

Coverwatch is a San Francisco-based AI-native commercial insurance startup, a modern alternative to traditional brokers. It uses AI to assess business risk, surface coverage gaps and shop across 60+ carriers for tailored quotes within 24–48 hours across lines like general liability, workers comp and cyber, charging a flat fee and claiming 20–40% premium savings; licensed in 17 states.

Pre-Seed · $5M · 2026-07

Nettle, founded in 2024 in London, builds an AI workspace for commercial insurance loss control and risk engineering. It turns field inspection evidence (photos, video, audio, documents) into structured risk assessments, supporting remote risk identification, guided site inspections, evidence analysis and automated report generation, with inspections up to 5x faster. Customers are carriers, brokers and corporate risk teams, including Allianz Türkiye and Brotherhood Mutual. Both founders come from McKinsey's QuantumBlack.

Seed · $7M · 2026-10

Continuity, founded in 2019 in Paris, France, provides tools that enable insurance companies to leverage AI-driven insights and external data sources for improved risk assessment and decision-making.

Undisclosed · $11M · 2024-06

Baobab Risk Solutions (formerly Baobab Insurance), founded in 2021 in Berlin, Germany, provides cyber, crime and IT liability insurance to companies with revenue up to EUR 1 billion, bundled with risk scanning, managed detection and incident response, distributed through more than 1,000 insurance brokers.

Series A · $14M · 2025-06

Terminal is a Toronto-based telematics data infrastructure company, founded in 2023 and a Y Combinator (S23) graduate. It offers a single unified API that aggregates and normalizes fragmented vehicle data (GPS location, speed, fuel usage, safety events, fault codes, maintenance info and dash-cam media) from more than 325 telematics service providers into one consistent format, with AI-powered quality checks and consent management. It serves insurers, fleet managers, logistics operators and financial-services firms, processing roughly 2 terabytes of data per day and positioning itself as the Plaid for telematics.

Series A · $26M · 2026-07

Even Healthcare is a Bengaluru-based managed care company offering subscription memberships that integrate primary and secondary care through owned clinics, its own hospitals and partner facilities, coordinating preventive care with insurers to shift incentives from fee-for-service volume to patient outcomes.

Series B · $120M · 2026-10 · Valuation $300M

Optimity (formerly MyHealthSphere) is a Toronto-based gamified micro-learning and health-rewards platform co-founded by Jane J. Wang and Nicholas Raditsis. Users earn redeemable points for micro-activities across physical, nutritional, mental, social and financial wellness, guided by AI-powered personalized recommendations; it serves consumers as well as 100+ employers and insurers such as INGUARD.