InsurTech Irys secures $12.5m to rebuild insurance systems

InsurTech Irys Raises $12.5 Million to Transform Insurance Infrastructure

Irys, an InsurTech company focused on overhauling insurance infrastructure, has successfully raised $12.5 million in a seed funding round. This round was led by Markd, with additional contributions from several other investors, including Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital.

Purpose of the Funding

The new capital will enable Irys to enhance its engineering capabilities and accelerate its implementation processes. The company aims to streamline operations in the insurance sector, a field often criticized for outdated systems and inefficiencies. By focusing on modernizing these infrastructures, Irys hopes to improve service delivery for both insurers and clients.

Impact on the Insurance Industry

This funding round signifies a growing interest in InsurTech and the potential for innovation in the insurance industry. As Irys advances its development, we may see significant shifts in how insurance products are delivered and managed. The funding opens the door for broader distribution strategies which could benefit not only Irys but the overall ecosystem.

Who Should Take Note

Industry professionals, investors, and even consumers should keep an eye on Irys and similar ventures. The evolution of technology in insurance could reshape customer experiences and operational efficacy drastically. Additionally, stakeholders in traditional insurance firms could be prompted to rethink their approaches as new players like Irys emerge.

According to the official announcement, Irys is determined to bring substantial change to a sector that has long needed modernization.

Original Source: https://fintech.global/2025/10/15/insurtech-irys-secures-12-5m-to-rebuild-insurance-systems/