Cara, a New York–based AI platform for insurance brokerages, has raised $8 million in Seed funding.
Investors
The round was led by Kearny Jackson, with participation from Claire Hughes Johnson, Kevin Mahaffey, Sam Hodges, and Colin Evans.
Kearny Jackson is an early-stage venture capital firm investing in companies building foundational technology across AI, robotics, software applications, and infrastructure.
Cara Use of Funds
The company will use the funding to advance its insurance-specific AI research and product development, deepen integrations with agency management and CRM systems, and expand its team.
About Cara
Founded by Vic Yeh, Nikhil Kansal, and Jonathan Patel, Cara is an AI-powered platform built to help insurance brokerages, agencies, and wholesalers scale their operations efficiently. It automates time-intensive workflows such as coverage comparisons, proposal generation, compliance reviews, and client servicing through voice and email AI. By embedding directly into agency management systems (AMS) and CRM tools, Cara acts as a 24/7 AI workforce. Headquartered in New York, Cara serves insurance brokerage customers and partners, including The McGowan Companies, Atlas Insurance Brokers, ISU Steadfast, Combined Agents of America, and FirstChoice.
Funding Details
Company: Oyster Technologies, Inc. (Cara)
Raised: $8.0M
Round: Seed
Funding Date: March 2026
Lead Investor: Kearny Jackson
Additional Investors: Claire Hughes Johnson, Kevin Mahaffey, Sam Hodges, Colin Evans
Company Website: https://www.getcara.ai/
Software Category: AI-powered insurance / insurtech / workflow automation platform
Source: https://www.prnewswire.com/news-releases/cara-raises-8-million-to-help-every-insurance-brokerage-grow-its-book-302730002.html