Anthony R. O’Donnell // November 18, 2025 
(Image source: Federato website.)
Federato (San Francisco) has raised $100 million in Series D funding to expand its AI-native insurance platform, with the round led by Growth Equity at Goldman Sachs Alternatives (New York). Existing investors Emergence Capital, Caffeinated Capital, Stepstone Group, and Pear VC also participated.
Will Ross, Co-Founder and CEO, Federato.
The funding reflects a broader industry shift away from legacy core systems toward AI-integrated solutions capable of improving underwriting efficiency and delivering