Today, Pace has raised a $46 million Series B, co-led by @ThriveCapital and @Sequoia, with participation from @emergencecap and @pruvencapital, to help our customers insure more of the world’s risk.
@pacecom agents have completed more than 250,000 critical insurance operations, growing 3x every quarter. The world’s leading insurers, like Prudential, WTW and Convex, trust Pace to scale back-office operations.
60% of the world's losses last year went uninsured. Closing this $9 trillion protection gap starts with AI-native operations.
Today we’re announcing Pace has raised $10M led by Sequoia to build the AI operations partner for the world’s leading insurers.
Insurance exists to do something remarkable: turn uncertainty into security. But between that sits an enormous amount of operational friction: processing submissions, servicing policies, and adjudicating claims.
Leading insurers have already completed tens of thousands of these complex insurance transactions with @pacecom agents in production. Check out our team showing what this looks like in practice: agents which work across systems and modalities to complete work end to end.
From pilot to live in production: Prudential has chosen Pace to automate its insurance operations. Pace AI agents are now streamlining policy servicing & QA for Prudential’s ILI business, delivering speed & operational efficiency. With thousands of hours saved on these back-office tasks, the Prudential team is spending more time focused on what matters: building customer relationships and delivering industry-leading experiences.