Soteris Raises $8M Seed

Soteris, a machine learning company serving the property and casualty insurance sector, has announced it has raised $8 million in seed funding. The company, which has been operating in stealth, provides AI-driven tools to help insurance carriers and managing general agents identify unprofitable policies and optimize their bottom lines.

Investors

The funding round was led by Spider Capital. Additional investors include Intact Private Capital, Amplify Partners, DCVC, the Webb Investment Network, and Overlook Ventures.

Soteris Use of Funds

The funding will support the company as it scales its AI-driven profit optimization platform and continues its mission of providing granular, policy-level analytics to the insurance industry.

About Soteris

Founded in 2020 by CEO Sunit Shah, Soteris leverages proprietary machine learning to transform how insurers analyze risk. By moving beyond traditional segment-based averaging, the company enables insurers to assess the profitability of individual policies in real time, helping them identify and mitigate losses that are typically hidden within statistical noise.

Funding Details

Company Website: https://soteris.ai

Company: Soteris
Raised: $8M
Round: Seed
Funding Date: September 22, 2026
Lead Investor: Spider Capital
Additional Investors: Intact Private Capital, Amplify Partners, DCVC, the Webb Investment Network, Overlook Ventures
Software Category: Insurtech
Source: https://www.contxto.com/en/insurtech/soteris-launches-ai-tool-to-identify-insurance-policies-that-reduce-profits/