Cara, a NYC-based provider of an AI platform for insurance brokerages, has raised $8 million in a Seed funding round led by Kearny Jackson.
The round also saw participation from Claire Hughes Johnson (Former COO, Stripe), Kevin Mahaffey (Founder, SNR), Sam Hodges (CEO, Vouch Insurance), and Colin Evans (Startups and Partnerships, OpenAI).
The company plans to use the funds to improve its AI research and product development for insurance, strengthen integrations with agency management and CRM systems, and grow its team.
Cara provides insurance brokerages, agencies, and wholesalers with AI tools to grow by automating sales and service work, helping teams handle more business, reduce errors, and better serve clients; it was created by founders who built and sold a digital insurance brokerage, developed the tools to run it, and are now turning those proven tools into a product for insurance professionals across the country.
Read More:depthfirst Announces $80 Million in Series B Funding
Cara helps insurance agencies and brokerages by automating tasks like comparing coverage, creating proposals and COIs, filling ACORD and other forms, reviewing E&O, and handling client requests through voice and email AI. It works like a 24/7 AI team and connects directly with existing agency management (AMS) and CRM systems. Tasks that usually take about 90 minutes can be done in around two minutes with Cara. The platform is trusted by leading partners such as The McGowan Companies, Atlas Insurance Brokers, ISU Steadfast, Combined Agents of America, and FirstChoice.
Cara is expanding its platform from a smart assistant into a complete operating system for an agency’s tech stack. It will give independent agencies, brokerages, and wholesalers a system that works both during and after business hours, handling tasks and workflows that can take up to 70% of an agent’s day.
“We built Cara because we experienced this problem ourselves,” said Vic Yeh, Co-Founder & CEO of Cara. “In the huge global insurance industry, agencies and brokerages spend too much time on operations instead of growing business and building client relationships. Cara is growing quickly with big opportunities ahead, and over 80% of our customers come through word of mouth, showing how well it solves a major scaling challenge for insurance brokerages.”
“Our excitement about Cara is simple: the $100B insurance software market is ready for AI disruption. It involves heavy workflows, lots of data, and is still mostly manual, making it ideal for automation,” said Sriram Krishnan, Co-Founder and General Partner at Kearny Jackson.
“We invested in this team because they didn’t just imagine the future—they actually built and ran it,” said Sunil Chhaya, Co-Founder and General Partner at Kearny Jackson. “After building and scaling a brokerage using these tools, they are now turning that experience into a platform for the whole industry, which is why so many brokers and agents trust Cara AI.”
About CARA
Founded in 2024 by Vic Yeh, Nikhil Kansal, and Jon Patel, Cara is an AI platform built specifically for the insurance industry, helping agencies, brokerages, and wholesalers automate service tasks, speed up sales and scale operations with a 24/7 digital workforce; created by a team of insurance agents and AI engineers, it combines real industry experience with advanced technology, with the belief that the future of insurance lies in blending strong human relationships with modern innovation.
About KEARNY JACKSON
Founded in 2018 by Sunil Chhaya and Sriram Krishnan, Kearny Jackson is an early-stage venture capital firm that invests in companies building core technologies across AI, robotics, software and infrastructure. The founders work closely with entrepreneurs to help them build long-term, impactful companies. Its portfolio includes companies like Figma, Notion, Gong, MotherDuck, Speak, and others.
Read More:OpenBox AI Raises $5M in Seed Funding
