StitchStudio raises $8M for insurance AI products
StitchStudio raised $8 million in financing led by Voyager Capital, according to Unite.AI. Lookout Ventures, Grit Capital Partners, ManchesterStory and BrokerTech Fund also participated.
The company will use the funding to expand its insurance AI products, customer success team and self service tools. Its expansion covers employee benefits, life and annuity products, and commercial property and casualty insurance.
StitchStudio builds AI agents that connect with existing insurance systems through APIs and file exchanges. Carriers and brokers use the software for tasks including quote comparison, producer onboarding, eligibility checks, billing reconciliation and benefits quoting. The company says customers can trace and audit each action taken by an agent.
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