Krux
February 15, 2026
ManageMy Raises $45M to AI-ify Insurance Industry
Published: February 15, 2026 at 8:12 AM
Updated: February 15, 2026 at 8:12 AM
100-word summary
ManageMy just closed $45 million in funding—$20 million from its Series B led by Ventura Capital and OCVC—to supercharge AI across insurance. The platform already serves 45 major carriers, automating everything from underwriting to claims with agentic workflows and explainable AI decisioning. The cash fuels expansion into North America, Asia Pacific, and Europe, plus heavy R&D into data-driven automation. Co-founder Stephen Collins is betting AI can finally drag insurance out of the paperwork era. This signals a broader shift: AI orchestration platforms could become the operating system for traditional insurance, potentially reshaping how millions interact with policies and claims.
What happened
ManageMy just closed $45 million in funding—$20 million from its Series B led by Ventura Capital and OCVC—to supercharge AI across insurance. The platform already serves 45 major carriers, automating everything from underwriting to claims with agentic workflows and explainable AI decisioning. The cash fuels expansion into North America, Asia Pacific, and Europe, plus heavy R&D into data-driven automation. Co-founder Stephen Collins is betting AI can finally drag insurance out of the paperwork era.
Why it matters
This signals a broader shift: AI orchestration platforms could become the operating system for traditional insurance, potentially reshaping how millions interact with policies and claims.