Pace

Insurance companies spend $70B+ annually on business process outsourcing for repetitive back-office work like claims intake, submissions processing, and data entry across disconnected legacy systems.

AI agents purpose-built for insurance workflows that handle tens of thousands of tasks monthly, replacing offshore teams while maintaining compliance with industry regulations.

LLMs can finally reason over complex insurance documents (policies, claims, medical records) with the accuracy required for regulated industries, and insurers face mounting pressure to cut operational costs.

Customers include Prudential, The Mutual Group, and Newfront. Processing tens of thousands of tasks monthly through AI agents at some of the largest and most regulated insurers in the world.

Jamie Cuffe (CEO), previously built Cheer (acquired by Retool in 2020). Backed by Sequoia Capital (Bryan Schreier and Lauren Reeder on the board).