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and Sequoia Capital, values Pace at $375 million and highlights the growing adoption of AI in industries with complex, outdated technological infrastructures.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.
RANK_REASON Significant funding round for an AI company in a traditional industry. [lever_c_demoted from significant: ic=1 ai=0.7]
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