# Socotra

> Socotra is a cloud-native insurance core platform that gives carriers, MGAs, and InsurTechs a fully configurable system for policy administration, billing, claims, and analytics - so they can launch new products in weeks instead of years, and run them on infrastructure that updates 48 times a year without breaking.

- **Founded:** 2014
- **Headquarters:** San Francisco, California, United States
- **Founders:** Dan Woods (Founder & CEO)
- **Team size:** ~170
- **Products:** Socotra Policy, Socotra Billing, Modern UI & Portals, AI Assistant, Data & Reporting
- **Notable:** Named to CB Insights' Insurtech 50 list (2022), Raised $50M Series C led by Insight Partners (2022), 99.997% uptime across 48 annual platform updates

## Products & services

- **Socotra Policy** — Configuration-based policy administration covering the full lifecycle - quote, bind, endorse, renew - across personal, commercial, specialty, life, and embedded lines.
- **Socotra Billing** — Native billing engine handling invoicing, payments, commissions, and reconciliation, fully integrated with policy events.
- **Modern UI & Portals** — Out-of-the-box, no-code customer, agent, and operations portals built on React.
- **AI Assistant** — Embedded AI capabilities for underwriting support, operations, and product configuration.
- **Data & Reporting** — Real-time event stream, data lake, and BI tooling for analytics, compliance, and audit.
- **Socotra Marketplace** — Ecosystem of 30+ pre-integrated insurance apps including Verisk, Snapsheet, Earnix, and Unqork.

## Achievements

- Named to CB Insights' Insurtech 50 list (2022)
- Raised $50M Series C led by Insight Partners (2022)
- 99.997% uptime across 48 annual platform updates
- Benchmarked at 11,000+ policies per minute in AWS performance testing
- Used by AXA, IAG, MS Amlin, Mutual of Omaha, and Symetra

## Latest updates

- **2022-03** — Closed $50M Series C led by Insight Partners.
- **2024** — Expanded AI Assistant and no-code UI tooling across the core platform.

## Links

- Website: https://socotra.com
- LinkedIn: https://www.linkedin.com/company/socotra
- Twitter/X: https://twitter.com/socotratech
- YouTube: https://www.youtube.com/@socotrainc

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Profile page: https://yespress.io/socotra
Published by YesPress — https://yespress.io
Last updated: 2026-05-23