Federato
Founded Year
2020Stage
Series C | AliveTotal Raised
$82.4MLast Raised
$40M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+29 points in the past 30 days
About Federato
Federato provides AI-driven underwriting solutions for the insurance industry. The company offers a platform that facilitates the underwriting process through submission triage, decision support, and a system for underwriters to operate. Federato serves insurance carriers, managing general agents (MGAs), and mutual insurance companies. It was founded in 2020 and is based in Palo Alto, California.
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Federato's Product Videos
Federato's Products & Differentiators
Federato Underwriting Platform
Federato’s core platform brings real-time portfolio visibility to all risk decisions, helping insurers put strategy into action. With the entire underwriting workflow in a single platform, underwriters can accelerate time to quote with fewer opportunities for mistakes. With Federato, insurers can: Turn winning into a science, focusing their team’s attention only on deals they are most likely to win; Operationalize their selection strategies, communicating appetite changes to their team through decision support to consistently drive profitable growth; Reduce systems and future-proof their tech, eliminating hard-to-find guidance, and point solutions by consolidating their workflow into a single platform; Broaden their organization’s authority with risk capital partners by proving their underwriters can out-select the competition.
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Research containing Federato
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Federato in 3 CB Insights research briefs, most recently on Oct 16, 2025.
Oct 16, 2025 report
Insurtech 50: The most promising insurtech startups of 2025
Mar 25, 2025 report
Book of Scouting Reports: InsurTech NY’s 2025 Spring ConferenceExpert Collections containing Federato
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Federato is included in 8 Expert Collections, including Insurtech.
Insurtech
4,636 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Insurtech 50
100 items
ITC Vegas 2024 - Exhibitors and Sponsors
699 items
Created 9/9/24. Updated 10.22.24. Company list source: ITC Vegas. Check ITC Vegas' website for final list: https://events.clarionevents.com/InsureTech2024/Public/EventMap.aspx?shMode=E&ID=84001
Artificial Intelligence (AI)
20,628 items
InsurTech NY — Spring Conference 2025
124 items
Sponsors, speaker companies, and startup competition finalists as of 3.19.25
Latest Federato News
Oct 23, 2025
Federato announced a first for insurance with the launch of enterprise-grade agentic AI, solving a critical problem in the industry. According to Federato's research , less than 25% of bound risk meets the insurance company's strategy. Until now, companies have faced an overwhelming number of submissions, with no ability to act on the best deals until the underwriter gets to them. While triage helps a little bit at the front end, most insurers have still had to revert to a set of painfully slow, painfully analog processes. Federato modernizes the process completely. Instead of an underwriter taking hours or days to identify a good risk and analyze a submission, Federato's agentic AI proactively generates a complete quote in minutes. It uses the same logic a human underwriter would use, basing its decisions on a comprehensive, real-time understanding of the company's appetite at the moment. More importantly, every quote includes a detailed explanation of its reasoning. “It's a transformative way of working. AI analyzes large amounts of data at machine speed, while freeing expert underwriters to do what they do best: making nuanced decisions and building relationships,” said William Steenbergen , Co-Founder and CTO of Federato. In tandem with its agentic AI launch, Federato has unveiled Control Tower , a platform upgrade that provides real-time portfolio control for insurers. Built in partnership with dozens of P&C insurers, Control Tower provides the governance and visibility that gives underwriting leaders confidence and keeps their portfolio aligned to strategy at the speed of AI. It provides real-time insights and transforms static strategy documents and existing underwriting guidance into proactive guardrails that direct every risk decision. “For decades, the insurance industry has been held back by an Old Core of technologies, built on compromised legacy systems and siloed data,” said Will Ross , CEO and Co-Founder of Federato. “What was once a solution is now a problem as these systems can't meet the needs of the rapidly evolving industry. For the first time, insurers can choose an AI-native platform that spans the full policy lifecycle – one that's future-ready and able to help our customers drive better business outcomes every day.”
Federato Frequently Asked Questions (FAQ)
When was Federato founded?
Federato was founded in 2020.
Where is Federato's headquarters?
Federato's headquarters is located at 320 High Street, Palo Alto.
What is Federato's latest funding round?
Federato's latest funding round is Series C.
How much did Federato raise?
Federato raised a total of $82.4M.
Who are the investors of Federato?
Investors of Federato include Pear VC, Caffeinated Capital, Emergence Capital, Stepstone Group, Creative Destruction Lab and 8 more.
Who are Federato's competitors?
Competitors of Federato include Earnix, Sixfold, Hyperexponential, Mulberri, Duck Creek Technologies and 7 more.
What products does Federato offer?
Federato's products include Federato Underwriting Platform and 2 more.
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Compare Federato to Competitors
Convr is a company focused on AI-driven underwriting solutions for the commercial property and casualty insurance industry. Their offerings include a modularized underwriting workbench that improves the underwriting process through data enrichment, risk scoring, and document processing. Convr serves commercial P&C carriers, reinsurers, managing general agents, and underwriters. It was founded in 2015 and is based in Schaumburg, Illinois.
IntellectAI focuses on AI-driven technology solutions for the commercial insurance sector. The company provides products that assist with underwriting processes, including submission ingestion, risk analysis, and data aggregation. IntellectAI serves insurance carriers, managing general agents (MGAs), and other entities within the insurance industry. It is based in Piscataway, New Jersey.
Carpe Data provides predictive data analytics and artificial intelligence solutions for the insurance industry. The company offers services for fraud detection, claims processing, and small commercial underwriting using data science techniques and AI. Carpe Data serves the insurance sector with products aimed at improving the efficiency and accuracy of claims and underwriting operations. It was founded in 2016 and is based in Santa Barbara, California.
Unqork focuses on providing a codeless application development platform for the enterprise sector. Its main offerings include a visual designer for creating complex, mission-critical enterprise applications without the need for traditional coding. The company primarily serves sectors such as financial services, insurance, government, and healthcare. It was founded in 2017 and is based in New York, New York.
Kalepa focuses on enhancing underwriting performance in the commercial insurance industry. The company's main service is an artificial intelligence (AI)-powered underwriting workbench, which helps underwriters focus on high return on investment opportunities, quickly evaluate submissions, and understand the hidden risks associated with each case. It primarily serves the commercial insurance industry. It was founded in 2018 and is based in New York, New York.
Sixfold provides generative AI tools for the insurance underwriting sector. Its platform ingests underwriting guidelines, extracts relevant risk data, and offers risk insights and suggestions. The company serves insurers, managing general agents (MGAs), and reinsurers across various lines of insurance including life, disability, and property & casualty. It was founded in 2023 and is based in New York, New York.
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