Federato announces $80 million raised to bring RiskOps to insurance
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Federato, an AI-native underwriting platform for insurance, has raised $80 million, including a $40 million Series C round led by StepStone Group. The funds will support global expansion and adoption of AI in the insurance sector.
November 20, 2024 | 2:15 pm
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StepStone Group led Federato's $40 million Series C funding round, which is part of an $80 million total raise. This involvement highlights StepStone's active role in supporting AI-driven insurance solutions.
StepStone Group's leadership in Federato's funding round indicates a strategic investment in AI technology within the insurance sector. This could enhance StepStone's portfolio and reputation in tech investments, potentially driving positive sentiment and short-term stock price appreciation.
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