Pace Raises $46 Million Series B to Build the Next Century of Insurance
Summary
Pace raised $46 million in Series B funding to expand its AI operations platform for insurers. The company automates insurance workflows such as submission intake, policy servicing, claims handling, and data entry. Pace already works with major insurers and brokers, including Prudential, WTW, Newfront, and The Mutual Group. The new capital will support broader deployment across the US, Europe, and global markets as Pace scales its agentic workforce.
Funding
Amount
$46.0M
Total raised
Date
May 27, 2026
Announcement date
Investors
PruVen Capital, Prudential, Thrive Capital, Emergence, Sequoia Capital
Lead investors
Company
withpace.com
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
SaaS
AI Workflow Automation
Insurance Software
Linked Companies
Pace Documentation
$10M to $25M