Federato
AI-native underwriting platform that spans the full policy lifecycle, built-in not bolted on
Overview
Federato is an AI-powered insurance underwriting platform that enhances the underwriting process for property and casualty insurance. Founded in 2020 by Will Ross (CEO) and William Steenbergen (CTO), the Palo Alto-based company offers RiskOps, an AI-driven platform that helps underwriters align portfolio strategy with day-to-day underwriting actions.
The company positions itself as "the only AI-native platform that spans the full policy lifecycle and changes the way insurance work gets done." Federato's technology is "built-in, not bolted on," emphasizing deep integration rather than superficial AI overlays.
Federato has tripled its revenues in the past year through new client acquisitions and expansion among existing customers. In November 2025, the company raised $100M in Series D funding led by Goldman Sachs Alternatives, bringing total funding to $182.4M.
Products & Services
RiskOps Platform
AI-driven underwriting platform aligning portfolio strategy with underwriting actions.
Key Features
- Submission Agent - Automated intake and triage
- Risk Analysis Agent - AI-powered risk assessment
- Rating Agent - Intelligent pricing
- Quoting Agent - Streamlined quote generation
- Portfolio optimization
Target Users: Underwriters, Underwriting Managers, Portfolio Managers
Agentic AI Capabilities
Multiple AI agents working across the underwriting workflow.
Key Features
- Submission processing automation
- Risk analysis and scoring
- Deductible and coverage optimization
- Real-time decisioning support
Target Users: Underwriters, Operations Teams
At a Glance
- Founded
- 2020
- Headquarters
- Palo Alto, CA
- Employees
- 51-100
- Funding
- $182.4M (Series D)
Category & Focus
- Category
- AI & Automation
- Subcategories
- Underwriting Portfolio Management Risk Selection
- Insurance Verticals
- P&C Commercial Specialty
- Target Customers
- Carriers, MGAs
Customers
- Ryan Specialty
- Multiple P&C carriers
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Last updated: 2026-03-25