Irys Raises $12.5 Million to Expand AI-Native Insurance Platform

October 13, 2025
Irys has secured $12.5 million in seed funding led by Markd, with Deepwork Capital, Florida Opportunity Fund, and others participating, to scale its AI-native insurance operating system across the U.S. and Canada.

Irys has raised $12.5 million in a seed funding round led by Markd, with participation from Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital, announced in a press release. The funding will be used to grow engineering teams, accelerate implementation, and expand distribution partnerships across the U.S. and Canada.

Irys offers an AI-native, integration-agnostic operating system designed to replace outdated insurance platforms. The system unifies financial, operational, and client data in real time and supports automation across tools and AI systems. It currently serves several major brokerages and managing general agents representing nearly $1 billion in active written premiums.

The company plans to introduce new AI-driven modules for accounting, analytics, and submission management in early 2026. With its open APIs and decentralized backend, Irys aims to serve as the operational backbone for modern insurance enterprises.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like Finance AI Weekly, AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI in Finance AI Funding News AI Brief AI Brief (X)

More from: Finance

09/11
DCM Services and AKUVO Partner on Estate Recovery
09/11
OpenAI Introduces ChatGPT for Financial Services
09/10
Grantd Adds Collective Liquidity Tools for Private Share Planning
09/10
62% of Finance Workers Say AI Errors Reached Clients or Decision Makers
09/10
T. Rowe Price Expands Claude Across Investment Teams

More from: Funding

09/12
Nscale Adds Fidji Simo to a Board Built for Scale
09/11
Evergreen Digital Media Invests in Adwave and Licenses AI Ad Platform
09/11
Intermezzo Raises $10 Million for Global Payroll Platform
09/11
UrgentIQ Raises $15 Million for AI Clinical Workflows
09/11
FAZE Security Emerges From Stealth With $6 Million Seed Round

Subscribe to AI Funding Brief

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You May Also Like