Irys raises $3.5 million

Insurance management system provider Irys Insurtech has closed a seed funding round of $3.5 million led by Markd, with participation from others.

Founded in 2021, Irys claims that its software utilizes machine learning and generative AI, providing brokers “critical information exactly when it’s needed.”

The seed round will fuel the scaling of the platform and implementation team.

“Parker Beauchamp, our lead investor, shares our vision of breaking free from outdated, restrictive insurance practices. We’ve assembled a group of intelligent, motivated, and unorthodox insurance entrepreneurs. We’re not just shaking the tree; we’re uprooting it.” – Margeaux Giles, CEO of Irys.