StitchStudio raised US$8 million in a funding round led by Voyager Capital. The company builds an AI platform that helps insurance carriers and brokers automate manual work. Lookout Ventures and Grit Capital Partners also joined the round.
Investor support
Existing investors ManchesterStory and BrokerTech Fund also took part. Insurance veterans joined the round. The announcement comes as insurers move AI projects from pilots into daily operations.
Customer adoption
M3 Insurance, Heffernan Insurance Brokers, Fidelity Life, and other industry leaders run workflows on StitchStudio. They automate quote comparison, producer onboarding, eligibility, billing reconciliation, and benefits quoting. The company reports producer contracting dropped from more than 23 days to same day.
How the platform works
StitchStudio builds AI agents on an insurance-specific model of products, rules, and documents. The company configures each agent to an organization's procedures and data. Agents work inside existing systems through APIs and file exchange, and every action is explainable and auditable.
StitchStudio plans to expand its product suite in employee benefits, life and annuity, and commercial P&C. It will also grow its customer success team. The company intends to scale self-service tools for customers and partners.