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Overview
Cara provides a domain-specific AI platform for the insurance industry. It is a modular system that lets agencies, brokerages, and wholesalers automate customer servicing, speed up sales, and scale operations using a 24/7 digital workforce. The product works by offering specialized AI modules and automation tools that handle routine tasks, answer questions, and process workflows without human intervention. This focus on insurance and a modular, end-to-end automation approach differentiate Cara from general AI or broad CRM tools, giving insurance distributors a tailored, scalable solution. The goal is to help insurance partners improve efficiency, close more deals, and support continuous operations around the clock.
About Cara
Industries
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$8M
Headquarters
New York City, New York
Founded
2024
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Simplify's Take
What believers are saying
- Cara raised $8 million in 2026, extending runway for product and hiring.
- AWS highlighted hundreds of agencies using Cara and onboarding within hours.
- The company reports seven-figure ARR within seven months and 60-times year-over-year ARR growth.
What critics are saying
- Zywave launched Apex in July 2026, directly attacking Cara's core brokerage workflows.
- Vertafore Velocity AI agents now automate submissions, reconciliations, and inbox intake.
- If AMS vendors replicate Cara's features, customers keep workflows in-house and churn stalls.
What makes Cara unique
- Cara's workflows target insurance brokerage back offices, not generic horizontal AI.
- Its AMS360 and CRM integrations reduce rekeying inside incumbent brokerage systems.
- The team sold its prior internal brokerage software business to McGowan Companies in 2025.
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Funding
Total Funding
$8M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -7%1 year growth
↓ -7%2 year growth
↓ -7%Cara, an AI platform for insurance brokerages, has raised $8 million in seed funding led by Kearny Jackson. Backers include former Stripe COO Claire Hughes Johnson, OpenAI's Colin Evans and Vouch Insurance CEO Sam Hodges. The company, founded by Vic Yeh, Nikhil Kansal and Jonathan Patel, initially built software for its own brokerage before selling that business to The McGowan Companies in 2025. It now automates administrative tasks including proposal generation, policy comparison and certificate production for insurance agents. Cara reportedly reached seven-figure annual recurring revenue within seven months and now serves thousands of agents across the US. The company has posted 60-times year-on-year ARR growth and works with hundreds of brokerages. The funding will support AI research, product development and deeper integrations with agency management systems.
/PRNewswire/ -- Cara, the AI platform for insurance brokerages, today announced $8 million in seed funding led by Kearny Jackson, with participation from...
Cara is Hiring for 7 Jobs on Simplify!
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About Cara
Industries
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$8M
Headquarters
New York City, New York
Founded
2024
Cara is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today