Federato

Federato builds an AI-native underwriting platform for insurance called RiskOps, which aligns portfolio strategy with day-to-day underwriting by triaging submissions on appetite and winnability, surfacing real-time portfolio insights, and generating explained quotes through agentic AI. Founded in 2020 by CEO Will Ross and CTO William Steenbergen, whose graduate work at Stanford focused on human-AI collaboration, the company is headquartered in San Francisco. Customers include QBE North America and Velocity Risk. Federato raised a $100M Series D in November 2025 led by Growth Equity at Goldman Sachs Alternatives, bringing total funding to roughly $180M across rounds also backed by Emergence Capital, Caffeinated Capital, StepStone Group, and Pear VC.