Mulberri is an AI-driven embedded business insurance platform that provides custom-fit insurance solutions to small and medium enterprises through deep partnerships in HR, benefits, and payroll channels. Its platform offers brokerage, risk transfer, certificate of insurance generation, risk engines, and SME-focused cyber insurance with fixed premiums and streamlined underwriting. The company operates an ecosystem that includes a joint venture, Violet Berri, with Vensure Employer Services and a partnership with Prism HR, giving access to more than 250 PEOs/payroll providers/brokers and roughly 100,000 SMEs; Prism HR serves more than 80,000 organizations. Founded in 2021 and based in Sunnyvale, Calif., Mulberri uses AI to simplify business insurance processes and address a historically fragmented SME insurance purchasing journey. The company notes that nearly $100 billion annually flows into the business insurance market and positions its products to capture SME opportunities. Mulberri plans to use new capital to expand its ecosystem of SME services and deepen distribution in HR and payroll channels. Mulberri is a business insurance platform purpose-built for PEOs and brokers that centralizes the process of buying, selling, and managing coverage. The platform provides smart submission intake, automated quote-and-bind, data-driven insurance management, protection and monitoring services, and integrations with HRIS and payroll systems. Mulberri says it leverages convolutional neural networks and data modeling to enable PEOs, brokers, and carriers to write business and make intelligent, data-driven decisions. Launched in 2021 and based in Sunnyvale, Calif., the company positions itself as the first business insurance solution designed specifically for PEOs and brokers. The firm will use the financing to expand its infrastructure and data modeling to make business insurance simpler, more efficient, and more transparent. Management highlights that the platform speeds client acquisition, optimizes PEO workflows, and provides risk analytics to help grow books of business.

Total raised

$11M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2023