San Francisco: FurtherAI, an AI startup transforming insurance workflows, has announced a $25 million Series A funding round led by Andreessen Horowitz.
The round-one of the largest in the insurance AI segment – aims to accelerate the company’s mission to automate core processes across underwriting, claims, and compliance.
FurtherAI Expands Insurance Workflow Automation with $25 Million Series A
With the insurance industry valued at over $7 trillion, professionals continue to face operational inefficiencies due to legacy systems and manual data handling.
FurtherAI’s AI-driven platform helps insurers process billions in premiums annually, enabling measurable impact – reducing hours of administrative work to minutes while improving accuracy and cost efficiency.
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The funding follows FurtherAI’s $5 million seed round closed six months ago, bringing its total capital raised to $30 million. The round also saw participation from Nexus Venture Partners, Y Combinator, and others.
Scale AI-Powered Workflows and Industry Integrations
With this fresh funding, FurtherAI plans to expand its library of insurance-specific AI workflows, strengthen integrations with carrier and broker systems, and scale its go-to-market teams to meet growing demand.
The company’s automation suite currently covers submissions processing, underwriting audits, claims management, and policy comparisons – empowering insurers to focus on risk assessment, client engagement, and business growth.
“Insurance is the backbone of the global economy, yet professionals are stuck using outdated tools,” said Aman Gour, Co-Founder and CEO of FurtherAI. “This funding enables us to accelerate the delivery of AI-powered workflows that give underwriters, brokers, and claims teams a significant productivity boost.”
Measurable Efficiency
FurtherAI’s platform is already in use by insurers such as Accelerant, MSI, and Leavitt Group. Early adopters have reported doubling productivity, a 15% improvement in submission-to-quote ratios, over 95% accuracy in policy comparisons, and 10x faster proposal generation.
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“The FurtherAI team has been instrumental in deploying complex enterprise workflows rapidly,” said Venkat Raman, Chief BizOps Officer at Accelerant. Laurie Flanagan of Leavitt Group added, “Implementing FurtherAI has been game-changing – faster turnarounds, higher accuracy, and a platform we can scale with confidence.”
Building AI Workspace for the Future of Insurance
According to Co-Founder and CTO Sashank Gondala, FurtherAI’s forward-deployed engineering model ensures that AI engineers collaborate directly with insurance teams, driving adoption and real impact.
Joe Schmidt, Partner at Andreessen Horowitz, stated, “FurtherAI is redefining how insurance gets done. Aman and Sashank are building an AI workspace that empowers professionals and reimagines the industry’s future.”
With rising regulatory demands, climate-related risks, and talent shortages reshaping the insurance landscape, the company’s domain-specific AI solutions are positioned to play a central role in modernizing the global insurance ecosystem.
