AgentSync, a U.S.-based insurtech, announced on Monday it secured $25 million through its Series A funding round, which was led by Lead Gil and David Sacks’ Craft Ventures with participation from Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures. The investment round brings AgentSync’s valuation to $220 million.
Founded in 2018, AgentSync describes itself as a powerful, easy-to-use Compliance as a Service solution, built 100% on Salesforce.
“We directly integrate regulatory database sources of truth (i.e. NIPR, FINRA) with core business systems (i.e. Salesforce) so we can automate the critical business processes associated with these compliance requirements. We’re a new-school solution tackling an age-old, ubiquitous problem with smart technology & automation in a market full of old-school, inefficient, high-cost solution options – spreadsheets, manual processes, legacy software, more headcount, outsourcing, etc.”
While sharing more details about the company’s services, AgentSync Co-Founder and Chief Executive, Niji Sabharwal, stated:
“We’re solving for some of the most inefficient processes bogging down the trillion-dollar insurance market. Our core product is already creating positive change for our customers, and we’re excited to keep building for an industry that’s eager to adopt innovative, automated technology to work smarter, not harder.”
AgentSync added it is planning to use the Series A funds to accelerate product development.