Kay.ai reposted this
Today, we're excited to announce that Kay.ai has raised $3M led by Wing Venture Capital, with participation from South Park Commons, 101 Weston Labs, and several amazing angel investors! Last summer, Achyut and I attended an insurance conference purely out of curiosity. At the time, we had limited understanding of the operational hurdles that insurance professionals face every day. After 100s of conversations across the board, it was abundantly clear that LLMs would entirely change how repetitive work gets done here. What stood out to me was how welcoming all of these conversations were. From agency owners to carrier executives, people took the time to openly share their challenges and patiently guide us through the nuances of insurance workflows. Coming from a family of brokers, I immediately connected with the industry's emphasis on relationships and building trust. Yet, firms have to spend most of their energy on back-office paperwork. That's why we built Kay. AI coworkers directly address the looming talent shortage of 400,000 workers. Kay shifts processes previously being outsourced to a $300B BPO market back onshore, delivering better quality and accuracy at scale. We've now been working with agencies and brokers across the country to eliminate 1000s of hours in repetitive data entry work across submissions and servicing. Beyond saving time and money, this ultimately enables teams to bring their focus back to growing the book and providing exceptional customer service. To learn more about how all of this works, check out the full announcement at www.kay.ai/blog/raise None of this would be possible without the support of our incredible team, early customers, and investors. Tanay Jaipuria, Evan Tana, Aditya Agarwal, Anand Iyer, Jude Gomila, Pat Cline, Aubie W. Knight, Clinton Houck, Tucker Hood, and many others! P.S. This photo is from domino park, right besides our office. We’re actively hiring for in-person roles in NYC across engineering, sales, and operations. Come join us!