Feathery, an AI operating and decisioning platform serving insurance carriers, brokers and wealth firms, has secured $30m in total funding as it expands its technology across the insurance market.
The funding includes a recently completed Series A round backed by Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures and Bain Capital Ventures.
Feathery said it now works with more than 300 firms across insurance and wealth management.
The company is targeting a challenge facing many insurers and brokers: managing hundreds of operational workflows across different products, customer segments and distribution channels. Feathery argues that existing solutions often focus on individual tasks, while broader AI tools can struggle with the regulatory requirements and operational complexity of financial services.
Its platform is designed to support insurance workflows across the client and policy lifecycle while integrating with existing technology environments. The system structures client information, synchronises data across systems and applies an AI decisioning layer to generate recommendations that can be incorporated back into operational processes.
For insurers, Feathery supports workflows including submission intake, book roll ingestion, bordereaux processing, first notice of loss (FNOL) handling and portfolio analysis. Brokers use the platform for areas including AMS data entry, property and casualty proposals, policy checks and benefits documentation.
The platform currently processes tens of millions of submissions each month, according to Feathery. Its insurance customers include Tokio Marine, Hiscox and Banner Life, while brokerage users include Baldwin Group, Hilb Group and Hylant.
The company said the new funding will support development of products built around its cross-client data network, alongside expansion of its engineering and go-to-market teams.
Feathery co-founder and CEO Peter Dun said, “Financial service firms are dealing with more client data and expectations than ever before. Feathery turns those challenges into opportunities for each firm to sharpen their competitive edge, create personalized client experiences and scale operations.”
Portage Ventures general partner and co-head Stephanie Choo added, “Feathery has earned the trust of enterprises by solving the real operational and regulatory complexity that defines financial services. Every workflow Feathery powers generates data that sharpens decision-making and automates more of the business, creating a compounding advantage that deepens over time. We’re proud to back the Feathery team as they define this category.”
Feathery co-founder Zack Khan also commented, “With this funding, we’re doubling down on products that tap our data network across clients to help firms make faster, more accurate decisions and move data seamlessly across their workflows.”
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