# Federato

> Federato is an AI-native insurance platform built around a framework it calls RiskOps - software that connects portfolio strategy to the day-to-day decisions underwriters make on individual policies. Founded in 2020 by Stanford researchers Will Ross and William Steenbergen, the company sells to property-and-casualty carriers, MGAs and mutuals, and reports customers regularly see a 90% improvement in time-to-quote and a 3x lift in profitable business bound. In November 2025 it raised a $100M Series D led by Goldman Sachs Alternatives.

- **Founded:** 2020
- **Headquarters:** San Francisco, United States
- **Founders:** Will Ross (Co-Founder & CEO), William Steenbergen (Co-Founder & CTO)
- **Team size:** ~170
- **Products:** RiskOps Platform, Agentic AI Workflows, Partner Portal, Policy Forms & Rate/Quote Engine
- **Notable:** Raised $180M+ in total funding across four rounds in five years., Series D led by Growth Equity at Goldman Sachs Alternatives in November 2025., Customer-reported 90% improvement in time-to-quote and 3x improvement in good business bound.

## Products & services

- **RiskOps Platform** — AI-native underwriting workbench that triages submissions, scores appetite and winnability, and surfaces portfolio impact at the point of decision.
- **Agentic AI Workflows** — Autonomous agents that pull data, check appetite, track endorsements, and recommend actions across new business and renewals.
- **Partner Portal** — Self-service portal for brokers and agents to submit risks and track status.
- **Policy Forms & Rate/Quote Engine** — Configurable forms and rating tools that close the loop from quote to bind.

## Achievements

- Raised $180M+ in total funding across four rounds in five years.
- Series D led by Growth Equity at Goldman Sachs Alternatives in November 2025.
- Customer-reported 90% improvement in time-to-quote and 3x improvement in good business bound.
- Tripled revenue in 2025.

## Latest updates

- **2025-11** — Closed $100M Series D led by Goldman Sachs Alternatives.
- **2025-10** — Launched new agentic AI features for submission triage.
- **2024-11** — Closed $40M Series C led by StepStone Group.
- **2024-07** — Named Dave Frechette as Chief Revenue Officer.

## Links

- Website: https://federato.ai
- LinkedIn: https://www.linkedin.com/company/federato
- Twitter/X: https://twitter.com/Federato_AI
- YouTube: https://www.youtube.com/@federato

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Profile page: https://yespress.io/federato
Published by YesPress — https://yespress.io
Last updated: 2026-05-29