Tech Company Financing Transactions
Federato Funding Round
Federato, operating out of Palo Alto, secured $25 million in funding from Caffeinated Capital, Emergence Capital Partners and Pear VC.
Transaction Overview
Company Name
Announced On
6/27/2023
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Proceeds Purpose
The company will use the funds to Continue Catalyzing Insurance's "AI Moment"/
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
320 High St.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Overview
Founded in 2020, Federato is on a mission to transform the $1T+ Property & Casualty and Specialty insurance industry. Through the use of bleeding-edge deep reinforcement learning and AI, we enable insurers to provide efficient and affordable coverage to underserved communities, people, and organizations in the face of societal issues and risks like the climate crisis, cyber attacks, and social inflation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Will Ross
Chief Operating Officer
Megan Zarnoch
Chief Technical Officer
William Steenbergen
VP - Product Management
Sean Singleton
VP - Sales
Graham Gudmestad
VP - Sales
Page Wiggins
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