Feathery has closed a new funding round totaling $30 million. This capital infusion aims to expand the company’s capabilities as a comprehensive AI operating and decisioning system tailored for the insurance and wealth management sectors.
The round underscores growing investor confidence in solutions that streamline complex data workflows and reduce operational bottlenecks in traditional finance.
The insurance industry has long struggled with fragmented data exchange processes.
Information often travels between clients, brokers, and carriers via inefficient channels like emails, calls, and repeated manual entries.
This outdated approach delays policy issuance and overwhelms underwriters with administrative burdens.
Feathery addresses these challenges head-on by providing an intelligent, agentic platform that automates client onboarding, risk evaluation, and data synchronization across various systems, including CRMs, custodians, policy administration tools, and internal databases.
Founded in 2021 by Peter Dun and Zack Khan—veterans with experience driving growth at Robinhood and Hightouch—Feathery emerged from a clear need to replace rigid, manual data intake methods.
The company has achieved remarkable traction, reporting 10x revenue growth since 2024 and processing millions of submissions each year for hundreds of clients.
It has already reached profitability and continues to demonstrate strong cash flow while serving major players in the space.
This latest investment comes from Erie Insurance’s Strategic Ventures arm, which joins a prestigious roster of backers such as Index Ventures, Bain Capital Ventures, BrokerTech Ventures, and SV Angel. Erie’s participation highlights the platform’s practical value in bridging carriers and brokers.
Keith Kennedy, Senior Vice President of Next-Level Innovation at Erie Insurance, praised Feathery’s ability to connect disparate systems and its proven flexibility and maturity in enterprise environments.
The funding will fuel further product development, enhanced AI features, and broader adoption across insurance lines and wealth management.
Feathery stands out with its modular, no-code builder that lets users customize underwriting workflows, submission ranking, and risk assessment rules for different business lines.
It integrates with over 100 data sources to enrich analyses without requiring full tech stack overhauls.
This adaptability allows firms to respond swiftly to market changes while maintaining control over their processes.
Industry experts note the enormous potential.
Underwriters reportedly dedicate up to 40% of their time to non-core tasks like data entry, contributing to an estimated annual efficiency loss exceeding $30 billion in the sector alone.
By automating these routines, Feathery frees professionals to focus on higher-value activities such as nuanced risk analysis and client relationships.
Co-founder Zack Khan emphasized the mission: making insurance protection more accessible through smarter, AI-powered underwriting that strengthens economic trust.
As financial institutions accelerate AI adoption, platforms like Feathery represent a shift from mere back-office tools to strategic advantages in speed, accuracy, and responsiveness.
The company’s growth signals a maturing market where intelligent data intake becomes foundational for competitive operations. With this new capital, Feathery is well-positioned to solidify its role as the go-to standard for secure, efficient data exchange in finance.
