Stitch raises $3 million

Stitch Studio, a startup helping insurance companies deploy AI agents, has closed a $3 million Seed round led by ManchesterStory.

Founded in 2024, the Oregon-based startup allows companies to automate workflows across underwriting, claims, and operations. The startup claims that its platform was built from the ground up to address the specific needs of the insurance industry.

The investment will accelerate Stitch’s go-to-market efforts, deepen its insurance-specific AI capabilities, and expand adoption of its AI Studio platform among carriers, brokers, and managing general agents

“This funding validates that the insurance industry is ready to move from AI experimentation to meaningful production deployments. With Stitch, we’re giving insurers access to insurance-specific AI agents out of the box coupled with full control to build, deploy, and govern agents tailored to their operations without compromising compliance, explainability, or control.” – Santoash Rajaram, second-time InsurTech entrepreneur and founder of Stitch.

“We invest in companies that bring real, durable value to the insurance sector, not just generic AI. Stitch is solving the last-mile AI problem in insurance: how to make AI usable, controllable, and trustworthy at the edge of complex operational workflows. We are very excited to partner with the Stitch team to help expand generative AI solutions to the insurance industry.” – Matt Kinley, Founding Partner at ManchesterStory.