Archipelago

Archipelago

Data network for insurance brokers

Overview

Archipelago builds a data network for insurance brokers and their property customers. It provides data enrichment and validated risk data through a subscription-based platform, replacing traditional spreadsheets. The product lets insurers see and verify data easily, improving risk management and accelerating underwriting. By focusing on accurate, transparent data, Archipelago differentiates itself from competitors that rely on less reliable information and manual processes, and aims to make property risk management more efficient and trustworthy. The company's goal is to transform the property risk market by delivering high-quality data that leads to faster, fairer insurance decisions and better outcomes for brokers, property owners, and underwriters.

About Archipelago

Simplify's Rating
Why Archipelago is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Financial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$57.1M

Headquarters

San Francisco, California

Founded

2018

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Simplify's Take

What believers are saying

  • 15% AAL reduction through zero-touch data processing drives client ROI and retention.
  • RMIS integration expands TAM by supplementing existing workflows rather than replacing them.
  • Trusted by major CRE owners like Prologis and JLL managing $2T+ insured value.

What critics are saying

  • Verisk's integrated RMS ecosystem locks insurers in, undercutting Archipelago's standalone subscription model.
  • California AB 1234 mandates AI transparency audits, increasing compliance costs 30% and delaying updates.
  • OpenAI GPT-4o enables brokers to build in-house risk agents, commoditizing Archipelago's data services.

What makes Archipelago unique

  • AI Agent automates P&C data preparation from SOVs, loss runs, payrolls in under 24 hours.
  • Integrates structural engineering rules and third-party data sources for continuous enrichment.
  • Subscription model connects property owners, brokers, and insurers on single data network.

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Funding

Total Funding

$57.1M

Above

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$34M
Archipelago
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Company Equity

Professional Development Budget

Health Insurance

Life Insurance

Disability Insurance

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
FinSMEs
Apr 20th, 2021
Archipelago Raises $34M in Series B Funding

Archipelago, a San Francisco, CA-based AI-driven technology and data analytics company focused on commercial property risks, raised $34M in Series B funding. The round was led by Scale Venture Partners, with participation from earlier investors Canaan Partners, Ignition Partners, and Zigg Capital. Principals from Stone Point Capital, and Prologis Ventures, also participated in the round. […]

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