Cara, an AI platform built for insurance brokerages, announced it has raised $8 million in seed funding to expand its automation capabilities and scale its operations across the industry. The round was led by Kearny Jackson, with participation from Claire Hughes Johnson, Kevin Mahaffey, Sam Hodges, and Colin Evans.
Founded by Vic Yeh, Nikhil Kansal, and Jonathan Patel, Cara was created by former insurance operators who previously built and sold a digital brokerage. The company has quickly reached seven-figure ARR in just 7 months and now serves thousands of insurance agents and brokers across the United States.
Cara provides an AI-powered platform that automates key workflows across insurance brokerages, including coverage comparisons, proposal generation, certificate of insurance issuance, form completion, E&O reviews, and client communications via voice and email. The platform integrates with existing agency management systems and CRM tools, enabling what traditionally takes 90 minutes of manual work to be completed in roughly two minutes.
The company reports that over 80 percent of its customers come through organic word of mouth, reflecting strong adoption among insurance professionals. Its customer base includes firms such as The McGowan Companies, Atlas Insurance Brokers, ISU Steadfast, Combined Agents of America, and FirstChoice.
The new funding will be used to advance insurance-specific AI research, deepen integrations with existing software systems, and grow the team. Cara is also expanding its platform beyond task automation to serve as a full operational layer across brokerage technology stacks, aiming to handle workflows that can consume up to 70 percent of an agent’s day.
The company is targeting a large opportunity in the insurance software market, which remains highly manual despite being data-rich and workflow-intensive, making it well-suited for AI-driven transformation.
KEY QUOTES:
“We built Cara because we lived this problem. As part of a trillion-dollar global insurance industry, agencies and brokerages are drowning in operational work when they should be out writing new business and building client relationships. Cara is growing at an incredible rate with massive opportunity ahead. Over 80 percent of our customers come from organic word-of-mouth growth, which speaks to how deeply it solves a critical scaling challenge for insurance brokerages.”
Vic Yeh, Co-Founder & CEO, Cara
“Our enthusiasm behind Cara is simple: the $100B insurance software market is primed for AI disruption. It’s workflow heavy, data rich, and still largely manual, making it a perfect fit for AI and automation.”
Sriram Krishnan, Co-Founder & General Partner, Kearny Jackson
“We backed this team because they didn’t just imagine the future, they operated it. Having built and scaled a brokerage with these tools, they’re now turning that playbook into a platform for the entire industry. This lived experience is the reason why thousands of brokers and agents trust Cara AI.”
Sunil Chhaya, Co-Founder & General Partner, Kearny Jackson
