StitchStudio, an AI platform focused on insurance operations, has raised $8 mn in a financing round led by Voyager Capital, with participation from Lookout Ventures, Grit Capital Partners and insurance industry investors.
Existing backers ManchesterStory and BrokerTech Fund also participated. The funding will support product development across employee benefits, life and annuities, and commercial property and casualty insurance, alongside expanded customer support and self-service capabilities.
- StitchStudio raised $8 mn in financing led by Voyager Capital, with participation from new and existing insurance technology investors.
- Customers report reducing producer contracting from more than 23 days to the same day and shortening proposal preparation from 90 to 15 minutes.
- The company plans to expand its AI platform across employee benefits, life and annuities, and commercial P&C insurance.
The investment comes as insurers and brokers seek to move AI applications beyond pilot projects into everyday operations. StitchStudio develops AI agents designed to work within existing insurance systems, accommodating product rules, regulatory requirements and company-specific procedures.
Insurance AI agents automate underwriting and brokerage workflows
StitchStudio provides AI agents for repetitive administrative processes that often require employees to transfer information between disconnected systems. Its platform supports quote comparison, producer onboarding, eligibility verification, billing reconciliation and benefits quoting.
Customers include M3 Insurance, Heffernan Insurance Brokers, Fidelity Life, InstaBrain and Frank Winston Crum Insurance.
StitchStudio reports that its customers have automated more than 75% of RFP processing and saved over 5,000 hours through faster proposal preparation.
The company’s AI agents are built around insurance-specific models of products, business rules and documents. They are configured to individual organizations rather than deployed as standardized automation across all customers.
The agents connect to existing technology through APIs and file exchange, allowing insurers and brokers to introduce automated workflows without replacing their core administration systems.
Actions performed by the agents are designed to be explainable and auditable, supporting compliance review and internal oversight.
StitchStudio funding targets production-scale insurance AI
The financing will allow StitchStudio to broaden its product suite and support additional enterprise implementations. The company also plans to increase its customer success capacity and develop self-service tools that enable insurers, brokers and technology partners to configure and expand automated workflows.
Karan Mishra, CEO of StitchStudio, said deploying AI in insurance requires more than demonstrating that a model can complete a task. Production systems must operate within established business processes and meet compliance requirements.
Every carrier we talk to has a drawer full of AI pilots. Getting a workflow into production takes unglamorous work.
Karan Mishra, CEO of StitchStudio
The company said customers that initially deployed individual workflows have subsequently expanded their use of the platform across additional business functions.
Austin Guyette, partner at Voyager Capital, identified high-volume manual insurance processes as a principal opportunity for AI adoption, particularly where automation can deliver measurable operational improvements within weeks.
ManchesterStory founding partner Matt Kinley said carriers and brokers increasingly want AI applications that can operate within their existing technology infrastructure while meeting compliance expectations.
StitchStudio holds SOC 2 Type II certification and states that its platform is HIPAA compliant, reflecting its focus on data security and regulated insurance operations.
