Feathery, the AI operating and decisioning system for financial services, announced that it has raised $30 million in total funding, including its recently completed Series A, from Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures. The company is one of the fastest-growing AI platforms for financial services, serving more than 300 firms across insurance and wealth management.

Feathery was built on the premise that financial services firms don’t have one workflow problem, but hundreds, spread across different client segments and product offerings. The market today is full of point solutions that automate a single narrow task and general-purpose AI tools that struggle with the complexities of financial services regulations and scale. The company’s AI Operating System collects and structures client information, synchronizes every major system of record, and normalizes data across all surfaces, while its AI Decisioning System analyzes business data flowing through the platform, surfaces strategic insights and recommendations, and feeds those learnings back into workflows to drive greater automation and efficiency.

Today, Feathery processes tens of millions of monthly submissions and powers a wide range of mission-critical workflows. Typical clients launch dozens of workflows, including client onboarding, proposal generation, and account opening for RIAs and broker-dealers; submission intake, FNOL workflows, and portfolio analysis for insurance carriers; and AMS data entry, policy checks, and benefit guide generation for insurance brokers. The company serves industry leaders including Sequoia Financial, Allworth Financial, Mission Wealth, Tokio Marine, Hiscox, Banner Life, Baldwin Group, Hilb Group, and Hylant.

With the new funding, the company said it is doubling down on products that tap its data network across clients to help firms make faster, more accurate decisions and move data seamlessly across their workflows. Feathery is currently hiring across engineering and go-to-market teams.

KEY QUOTES:

“Financial service firms are dealing with more client data and expectations than ever before. Feathery turns those challenges into opportunities for each firm to sharpen their competitive edge, create personalized client experiences and scale operations.”

Peter Dun, Co-Founder and CEO of Feathery

“With this funding, we’re doubling down on products that tap our data network across clients to help firms make faster, more accurate decisions and move data seamlessly across their workflows.”

Zack Khan, Co-Founder of Feathery

“Feathery has earned the trust of enterprises by solving the real operational and regulatory complexity that defines financial services. Every workflow Feathery powers generates data that sharpens decision-making and automates more of the business, creating a compounding advantage that deepens over time. We’re proud to back the Feathery team as they define this category.”

Stephanie Choo, General Partner and Co-Head of Portage Ventures