Loading organizations...
InfrasAI (formerly iLife Technologies), based in the San Francisco Bay Area, provides AI-powered workflow infrastructure for insurance carriers and distributors. The platform converts natural language requirements into reusable, partner-ready workflows, offering headless APIs and SDKs to streamline integrations and accelerate time-to-market for financial services and insurance operations. Operating on a SaaS model, the company has secured $17 million in funding, supporting its 101-200 employees and an estimated 40,000 users. With an estimated $4.8 million valuation and $1.5 million in annual revenue, InfrasAI focuses on group benefits and annuities workflows, such as quoting and e-applications. Key leadership includes CEO Nelson Lee and CTO Amit Lohia. The company was founded in 2019 by Nelson Lee. Its business model centers on saaS model with API infrastructure subscriptions for insurance connectivity, funded by venture capital with $17-28 million raised across rounds.
InfrasAI (formerly iLife Technologies) has raised $21.0M across 2 funding rounds.
InfrasAI (formerly iLife Technologies) has raised $21.0M in total across 2 funding rounds.
InfrasAI (formerly iLife Technologies) has raised $21.0M across 2 funding rounds. Most recently, it raised $17.0M Series A in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2023 | $17M Series A | — | Foundation Capital, Manolo Atala | Announced |
| May 1, 2021 | $4M Seed | — | AME Cloud Ventures, Canvas Ventures, Foundation Capital, General Atlantic, Hardware Club, Nokia Growth Partners, The Valley Fund, Webb Investment Network, Manolo Atala | Announced |
InfrasAI (formerly iLife Technologies) is a Silicon Valley-based B2B enterprise technology company specializing in AI-powered workflow infrastructure for the insurance industry.[1][2][4] It builds headless connectivity solutions via a universal API layer that integrates legacy systems, carriers, and distributors, enabling seamless operations across life insurance, annuities, group benefits, disability, long-term care, and wealth management.[1][2] The platform solves core pain points like integration complexity, high maintenance costs, slow deployments, and AI unreadiness by automating workflows, reducing redevelopment needs, cutting support expenses up to sixfold, accelerating launches up to sevenfold, and standardizing data for business intelligence.[1][4]
InfrasAI serves enterprise insurance carriers and distributors, empowering them to modernize without backend overhauls, onboard partners 6x faster, and leverage AI copilots for instant workflow generation from requirements (e.g., 3 months to 3 days, 10,000 lines to 15 lines).[4] Following significant growth, the 2025 rebrand from iLife reflects expansion beyond life insurance into broader insurtech infrastructure, with strong traction among industry leaders like New York Life and Prudential alumni.[1][5]
Founded by Nelson Lee (CEO) and co-founder Amit Lohia, both with backgrounds in engineering, economics, and insurance, InfrasAI started as iLife Technologies in Silicon Valley.[2] The idea emerged from addressing fragmented systems in life insurance, initially providing a digital platform for agents and agencies to quote, apply, and manage products via a universal API uniting workflows and legacy systems.[2][3]
Early traction built quickly: iLife gained recognition from Forbes, Axios, Crunchbase, G2, Plug and Play, and Stanford University, while partnering with numerous carriers.[2] A period of accelerated growth across product lines led to the April 2025 rebrand as Infras (now emphasizing InfrasAI), signaling evolution to AI-driven, headless infrastructure for any distributor interface.[1]
InfrasAI rides the insurtech AI wave, where carriers face cost inefficiencies, slow digital transformation, and competition from agile distributors amid rising AI adoption.[1][4] Timing is ideal post-2025 rebrand, as market forces like legacy system overloads and AI mandates push insurers toward modular infrastructure—InfrasAI abstracts complexity, making carriers "AI-ready" faster than rivals.[1]
It influences the ecosystem by enabling profitable growth: carriers launch experiences without rebuilds, automate internal processes, and scale distribution, fostering a shift from siloed ops to reusable, data-consistent platforms that lower barriers for innovation.[4] This positions InfrasAI as a key enabler in a $7T+ global insurance market digitizing rapidly.
InfrasAI is primed to dominate insurtech infrastructure as AI copilots evolve, potentially expanding to full AI-orchestrated ecosystems beyond insurance.[4] Trends like agentic AI, real-time data standards, and embedded insurance will amplify its edge, with copilot tools scaling to handle multimodal inputs and predictive workflows. Influence may grow via deeper carrier partnerships and M&A, solidifying its role as the "headless backbone" for AI-native insurance—echoing its origins in unifying chaos, now supercharged for a hyper-digital era.[1][4]
InfrasAI (formerly iLife Technologies) has raised $21.0M in total across 2 funding rounds.
InfrasAI (formerly iLife Technologies)'s investors include Foundation Capital, Manolo Atala, AME Cloud Ventures, Canvas Ventures, General Atlantic, Hardware Club, Nokia Growth Partners, The Valley Fund, Webb Investment Network.
