Thrive And Sequoia Back Pace With $46 Million To Automate Insurance’s Back Office
Pace, an AI startup focused on automating insurance back-office tasks, has secured $46 million in Series B funding. The company utilizes AI agents capable of interacting with legacy systems to process insurance claims with high accuracy. This funding, co-led by Thrive Capital and Sequoia Capital, values Pace at $375 million and highlights the growing adoption of AI in industries with complex, outdated technological infrastructures. AI
IMPACT Accelerates AI adoption in insurance by providing a scalable solution for legacy system automation.