Pace, an AI operations platform for insurers, has raised $46 million in a Series B co-led by Thrive Capital and Sequoia Capital, with participation from Emergence Capital and Pruven Capital. The platform automates core insurance workflows, including underwriting, claims triage, policy administration, and compliance, helping carriers reduce manual processing and operate at greater scale. The raise reflects accelerating demand for INSURTECH AI that moves beyond point solutions to become a full operational layer for insurance carriers navigating growing complexity and pressure on costs.

Pace Raises $46m Series B to Expand AI Operations Platform For Insurers