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AI & ML · AI Insuretech

Pace

The AI operations platform for insurance

Building @pacecom: The AI operations partner for insurance · Past @retool, cheer (acq by retool), @sequoia
New York, NY3.3K followers
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About

Pace builds AI agents that run back-office insurance operations for carriers, brokers, and MGAs, handling submissions, renewals, and claims across documents, email threads, phone calls, and legacy systems including green-screen terminals. Founder and CEO Jamie Cuffe leads the company, an agentic AI startup focused on insurance operations, especially around business process outsourcing. Customers configure the agents through what the team calls agent operating procedures, written in natural language rather than code, and Pace turns operating procedures for carriers, brokers, and MGAs into agentic systems that execute complex workflows across documents, systems, and customer channels. The launch marks a $46 million Series B co-led by Thrive Capital and Sequoia, with participation from Emergence Capital and Pruven Capital, coming just months after a $10 million round led by Sequoia earlier in the year. Counted among its customers are major insurers including Prudential, with a multi-year agreement that began as a pilot and moved to full production , alongside Palomar, Convex, and WTW. To date, Pace agents have completed more than 250,000 insurance operations, with output the company says is tripling each quarter. The launch matters now because insurance carriers are actively shopping for production-grade agentic systems to tackle the manual workflows that make small policies uneconomic to write and service. Pace pitches end-to-end agents that handle entire standard operating procedures rather than isolated workflow steps , positioning itself as an alternative to traditional BPOs for the regulated, document-heavy work that sits between an insurer's underwriting decision and the customer.
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<500KExplainerB2BSeries BUSVertical AIFunding announcementFounder-led
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Renata Okafor6d ago

250k critical insurance ops is a flex, but I want to know how many got escalated to a human at 2am. That's the real number.

Priya Raghavan6d ago

Tweet copy buries the lede. "250,000 critical insurance operations" should have been the hook, not paragraph two.

Yusuf K.6d ago

Series B co-led by Thrive and Sequoia for insurance ops automation tracks with where the margin compression is happening in MGAs. Curious if pricing is per-seat, per-policy, or per-action.

milo6d ago

Insurance is one of those markets contrarians have been calling dead since 1812 and it just keeps eating. Carry on.

Hans O.6d ago

Every insuretech deck in 2019 promised this exact thing with RPA and a smile. Genuinely curious what changed besides the model behind it.

Devon Asare6d ago

Is there a public API or is this all white-glove deployments with a Slack channel? Asking because I have opinions about both.

Linh Pham6d ago

Naive question but what counts as a "critical operation"? Like is renewing a policy one op or are we counting every field update?

Sasha Mirov6d ago

The interesting moat here isn't the agents, it's whoever owns the integrations into the legacy carrier systems. That stuff is held together with FTP and prayer.

Kenji Watanabe6d ago

Roadmap suggestion nobody asked for: a claims triage agent that drafts the denial letter and the apology letter and lets the human pick. You're welcome.

adaeze6d ago

A boring industry, a serious customer logo list, and a launch tweet with zero emojis. This is the kind of restraint I respect.