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Sayata develops an AI-powered platform designed to streamline the quote, bind, and issue process for commercial insurance. The company's core product provides an intelligent risk assessment solution, leveraging data to enhance underwriting support and accelerate the placement of policies, particularly in specialized areas like cyber insurance. This technical approach enables insurance professionals to manage their commercial books more efficiently.
The company was co-founded in 2016 by Asaf Lifshitz, Avishay Maya, and Iddan Golomb. Their shared insight identified a market need to improve the profitability and efficiency of insurance underwriting through sophisticated data utilization. This led them to develop a platform that addresses the complexities and time-consuming nature of commercial insurance transactions.
Sayata primarily serves insurance brokers and carriers, empowering them to deliver faster and more accurate services to their small and medium-sized business clients. The company's vision is to make the entire commercial insurance process significantly easier and more profitable for all stakeholders, driving efficiency and growth in an industry often hampered by manual processes.
Sayata has raised $52.0M across 2 funding rounds.
Sayata has raised $52.0M in total across 2 funding rounds.
Sayata has raised $52.0M across 2 funding rounds. Most recently, it raised $35.0M Series A in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2022 | $35M Series A | Hanaco Ventures, Pitango Venture Capital | 83North, Adjacent, B Capital Group, H.I.G. Capital, Innovation Endeavors, Insight Partners, M12, Norwest Venture Partners, Sapphire Ventures, SoftBank Capital, Spark Capital, Team8, Matt Garratt, Vertex Ventures Israel, Anshu Sharma, Yuval Shahar, ZIV KOP, Elron Ventures, OurCrowd, Vertex Ventures | Announced |
| Aug 1, 2021 | $17M Series A | Team8, Vertex Ventures | Adjacent, B Capital Group, Innovation Endeavors, Insight Partners, Sapphire Ventures, Matt Garratt, Vertex Ventures Israel, Anshu Sharma, Yuval Shahar, ZIV KOP, Elron Ventures, Kamet Ventures, OurCrowd | Announced |
Sayata has raised $52.0M in total across 2 funding rounds.
Sayata's investors include Hanaco Ventures, Pitango Venture Capital, 83North, Adjacent, B Capital Group, H.I.G. Capital, Innovation Endeavors, Insight Partners, M12, Norwest Venture Partners, Sapphire Ventures, SoftBank Capital.
Sayata is a technology company specializing in the insurance industry, specifically providing an AI-powered digital marketplace and platform for commercial Property & Casualty (P&C) insurance distribution. Its core product streamlines the quote-bind-issue process for insurance brokers and agents, enabling them to issue more policies efficiently. Sayata primarily serves insurance professionals by offering access to multiple competitive quotes from top carriers with a single data entry, enhancing speed and ease of use. The company’s AI-driven risk engine improves underwriting accuracy by intelligently assessing risk, even when traditional data sources are limited, helping carriers broaden their appetites while protecting loss ratios. Sayata has demonstrated strong growth momentum, recently launching advanced AI capabilities and earning industry recognition such as the Best SMB InsurTech Solution for 2024[1][2][5].
Founded in 2017 and based in Boston, Massachusetts, Sayata was created by a team combining over a century of insurance experience with deep technology expertise. The founders identified inefficiencies in the small commercial insurance underwriting process and developed a platform to automate and accelerate it. Early traction came from successfully integrating with major insurance carriers and brokers, gaining endorsements from industry associations like Big I in multiple states. The company evolved from its original name, Sayata Labs, to focus on AI-driven risk assessment and marketplace solutions, positioning itself as a transformative force in commercial insurance distribution[1][4][2].
Sayata rides the wave of digital transformation and AI adoption in the insurance sector, particularly in small commercial insurance underwriting—a traditionally manual and fragmented process. The timing is critical as insurers seek to leverage AI to improve risk assessment accuracy, reduce underwriting costs, and expand coverage offerings. Market forces such as increased demand for cyber insurance and regulatory pressures for transparency favor Sayata’s AI-driven marketplace model. By integrating carriers and brokers on a single platform, Sayata influences the broader ecosystem by accelerating digital adoption, improving data-driven decision-making, and fostering competition among insurers[1][2][5].
Looking ahead, Sayata is poised to deepen its AI capabilities and expand its carrier network to capture more of the small commercial insurance market. Trends such as increasing cyber risk, demand for faster insurance transactions, and regulatory emphasis on data transparency will shape its growth trajectory. The company’s influence is likely to grow as it continues to innovate in risk assessment and marketplace efficiency, potentially setting new standards for how commercial insurance is underwritten and distributed. Sayata’s blend of insurance expertise and technology innovation positions it well to remain a key player in the evolving insurtech landscape[1][2].
