Pace develops AI agents that navigate internal applications, reason across documents, and make phone calls to automate back-office insurance tasks such as submission intake, policy servicing, claims handling, and data entry. Since launching last year, the company reports its agents have autonomously completed more than a quarter of a million insurance workflows. Pace partners with insurers and brokers including The Mutual Group, Newfront, Prudential Financial, and WTW and has deployments producing measurable outcomes for customers. At Prudential, Pace automates thousands of hours of manual work tied to policy servicing and issuance; in partnership with Ryze Claim Solutions it helps resolve claim cycle times 30% faster; and at Convex US it accelerates data ingestion for new business and renewals. The company raised $46 million in a Series B led by Thrive Capital and Sequoia Capital with participation from Emergence Capital and Pruven Capital and plans to use the funding to scale operations across the U.S., Europe, and additional global markets.

Total raised

$56M

Funding rounds

2

Latest round

Series B

Latest activity

May 2026