StitchStudio, an Oregon startup that builds AI agents for insurers, has raised $8 million in a round led by Voyager Capital, the company announced Wednesday. Lookout Ventures and Grit Capital Partners also joined the round, along with earlier backers ManchesterStory and BrokerTech Fund. The company raised a $3 million seed round in 2025.
The new money will go toward products for employee benefits, life insurance and annuities, and commercial property coverage. StitchStudio also plans to hire more customer support staff and build self-service tools.
Do StitchStudio's agents replace existing insurance systems?
The pitch targets a familiar headache in the industry. Insurers often run old and new systems side by side, which means staff end up typing the same information into several screens. StitchStudio’s agents connect to those systems rather than replacing them, and each action an agent takes can be traced and audited.
What tasks do StitchStudio's AI agents handle?
The agents handle tasks such as comparing quotes, onboarding sales agents and checking bills. Customers named in the announcement include M3 Insurance, Heffernan Insurance Brokers and Fidelity Life.
CEO Karan Mishra said early customers got their first workflows running and then wanted to expand across their organizations. “Our customers got their first workflows live and came back to expand across the enterprise,” Mishra said. “This round helps us get them there faster.”
StitchStudio says one customer cut proposal turnaround from 90 minutes to 15. At Heffernan, staff still choose insurers and advise clients, while the software gathers and compares the data.
The funding lands in a busy stretch for insurance AI. London’s Ancep raised $8.5 million for broker agents this week, and Corridor launched with $25 million for benefits. Large insurers are buying in as well. Guardian has handed 1 million dental calls a year to AI agents.
This article was written with the assistance of AI.
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