Feathery Raises $30 Million to Scale AI for Finance

Feathery Raises $30 Million to Scale AI for Finance

Quick Reads

• Feathery, an AI platform for insurers and wealth managers, has raised $30 million in total funding, including a fresh Series A led by Portage Ventures.

• The company’s software organizes client data, syncs it across a firm’s existing systems, and generates recommendations for workflows like onboarding, policy checks, and portfolio analysis.

• Feathery already serves 300+ financial firms processing tens of millions of submissions monthly, and is now hiring across engineering and go-to-market teams with the new capital.

Feathery, a San Francisco-based startup building an AI operating and decisioning layer for financial services, has raised $30 million in total funding, including a newly completed Series A round, as Feathery raises $30 million to expand its platform and grow its team.

The round was backed by Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures (BCV). Portage led the raise, with General Partner Stephanie Choo saying Feathery has earned enterprise trust by tackling the operational and regulatory complexity that defines financial services.

Founded by CEO Peter Dun and co-founder Zack Khan, Feathery’s software collects and structures client information, synchronizes systems of record, and analyzes business data before feeding recommendations back into operational workflows. The company says its approach differs from single-task point solutions and general-purpose AI tools that struggle with financial services regulation and scale.

More than 300 insurance and wealth-management firms already run on Feathery, processing tens of millions of submissions each month. Clients use the platform across account opening, client onboarding, proposal generation, insurance submission intake, policy checks, and portfolio analysis. Customers reportedly include Sequoia Financial, Allworth Financial, Tokio Marine, Hiscox, and Hilb Group.

Dun said financial firms are managing more client data and higher expectations than ever, and that Feathery turns those pressures into an edge through personalization and scale. Khan added that the new capital will go toward products that tap Feathery’s cross-client data network to sharpen decisions and move information more seamlessly across systems.

Feathery is now hiring across engineering and go-to-market roles as it works to position itself as a central operating layer for financial institutions modernizing client operations without ripping out existing infrastructure. The raise also adds Feathery to a wave of vertical AI startups drawing capital from strategic insurer investors like Allstate and Erie.