InsurTech firm Sixfold secures $30m to advance AI underwriting

Sixfold Secures $30 Million for AI Underwriting

Sixfold, an InsurTech company specializing in AI-driven underwriting, has recently announced a successful Series B funding round, raising $30 million. This funding aims to enhance their capabilities and expand their presence in the insurance sector globally.

Funding Details

The Series B round was led by Brewer Lane, with significant support from Guidewire. Existing investors, including Bessemer Venture Partners, also contributed to the round. This influx of capital signals confidence in Sixfold’s approach to modernizing insurance decision-making processes.

Strategic Goals

With these new resources, Sixfold plans to intensify its efforts in the insurance industry. The firm’s focus on leveraging AI technology aims to streamline underwriting processes, making them more efficient and effective.

Market Impact

Sixfold's advancements in AI could potentially benefit a wide range of stakeholders in the insurance market, from insurers to policyholders. By improving underwriting accuracy, Sixfold may help insurers better assess risk, ultimately leading to more tailored offerings for customers.

Looking Ahead

This funding round marks a crucial step for Sixfold as it seeks to solidify its position in the InsurTech landscape. With backing from both new and existing investors, the company is poised for growth and innovation in a rapidly evolving industry.

Original Source: https://fintech.global/2026/01/30/insurtech-firm-sixfold-secures-30m-to-advance-ai-underwriting/