Pasito Secures $21 Million Series A to Scale AI Workspace for Insurance and Benefits Operations

New updates have been reported about Pasito.

Pasito has raised $21 million in Series A funding to accelerate deployment of its AI-native workspace for group health, life, and retirement benefits, a move that materially expands its ability to automate core insurance and benefits workflows from quote to claim. The round was led by Insight Partners, with participation from Y Combinator and MTech Capital, and follows a year in which Pasito reports 50x growth in annual recurring revenue and adoption across thousands of employers. The company’s platform ingests unstructured plan and employee census data and converts it into a unified data layer, enabling agentic AI to automate plan construction, sales, quoting, marketing, enrollment, support, and claims operations for carriers, brokers, financial institutions, and employers. According to Pasito, its core AI agents achieve 98% accuracy in plan construction versus an industry benchmark of 74% from LIMRA, translating into significant reductions in manual labor and operational errors per group case.

Pasito’s customer base now includes major carriers such as Reliance Matrix and New York Life and large benefits consultants including OneDigital and Daybright Financial, positioning the company as a backbone infrastructure provider for benefits administration and distribution. The new capital will be used to scale engineering resources to extend its agentic infrastructure across additional product lines and workflows, build out forward-deployed teams that co-develop custom high-value automations with carriers and brokers, and expand sales and marketing capacity to meet enterprise demand. Strategically, Pasito plans to allow clients to build proprietary AI agents within its workspace, support fully white-labeled experiences, and extend automation across the entire benefits lifecycle, effectively re-architecting legacy, manual processes that drive administrative cost and complexity in the industry. Backers characterize Pasito as an AI-first platform modernizing an operationally burdened sector, signaling expectations that the company could become a core system of engagement and workflow orchestration for large insurance and benefits players.