Pathwork, an AI-powered autonomous distribution platform targeting the life and health insurance sector, has secured $3.5m in seed investment.  

The funding round was spearheaded by Costanoa and was joined by Logos Fund, American Family Ventures and Meridian Ventures, along with “industry angels”. 

The capital will be used to expedite the nationwide adoption of Pathwork’s technology among brokers and carriers. 

Pathwork CEO and co-founder Ian Levinsky said: “The last 20 years of digitisation made insurance distribution more complex, not less. AI will reimagine everything from how the work gets done to the tools professionals rely on. Pathwork is shaping this future so the people behind every policy can focus back on creating impact and building trust.” 

The company said that its technology transforms manual insurance workflows into “intelligent systems”, enabling faster movement of brokers and carriers, more accurate quoting and reduced administrative exchanges.  

Pathwork’s suite of products includes Case Underwriter, which automates underwriting by analysing unstructured data and identifying optimal carrier options, and Knowledge Assistant, which provides instant expertise on underwriting rules and carrier specifics. 

Additionally, the Pre-App Manager tool is designed to assist insurance carriers in more effectively evaluating case eligibility, requirements and risk classification. 

Since its launch in 2024, Pathwork has analysed more than 10,000 cases, contributing to the retention of millions of commission payments for its users.  

The company currently supports a network of more than 65 brokerages and carriers including AIMCOR, Highland Capital Brokerage, Hilb, LifeQuotes, Merit Insurance and NFP. 

Earlier this month, Elysian, another AI-driven third-party administrator for commercial insurance, raised $6m in its seed funding round.