Notch Banks $30M Series A to Deploy AI Agents in Insurance, Finance

The New York-based startup Notch, founded within a specialty insurer, has raised $45 million in total funding as US regulated industries move from AI pilots to production.

Notch, an AI platform built for regulated industries, has closed a $30 million Series A funding round, the company announced March 25, bringing total capital raised to $45 million. 

The round was led by Headline, with participation from Lightspeed Venture Partners, Jibe Ventures, Illuminate Financial, and Phoenix Insurance, a strategic investor. The company said the capital will accelerate U.S. expansion and continued platform development.

Notch was not founded as a software company. In 2021, co-founders, including CEO Rafael Broshi, launched a specialty insurance product for digital assets. When the team sought AI tools to automate policyholder workflows, it found none met compliance and auditability requirements. The company built its own internal system, then commercialised it.

The insurance industry is beginning to understand the full potential of agentic AI. Much of the market today is focused on point solutions that automate individual tasks, resulting in fragmented systems and mounting technical debt.
Rafael Broshi, CEO, Notch.

The platform Notch offers and deploys AI agents across two workflow categories. On the conversational side, the system handles broker and policyholder interactions, policy servicing requests, and structured intake for claims and underwriting submissions. On the back-office side, it ingests documents, extracts structured data, classifies and routes submissions, and flags time-sensitive items before deadlines are missed.

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The company describes its architecture as layered: conversation safety checks, identity-tied access controls, deterministic business-limit thresholds, and jurisdiction-aware rules that adjust to local regulatory requirements. Every action is logged. Escalations are mandatory when policy or data is unclear.

It’s unclear how many enterprise clients Notch currently serves. The company said its annual recurring revenue grew 12x over the past 12 months, with adoption across global insurers and financial services firms, but did not disclose a baseline figure. 

The move comes as U.S. insurers and financial institutions accelerate AI adoption beyond proof-of-concept deployments. Compliance constraints have slowed enterprise rollouts in both sectors, and vendors targeting that gap have drawn increased investor attention in early 2026.

Notch said it is hiring across product, engineering, and go-to-market functions. The company is headquartered in New York, where it opened an office earlier this year.

Disclaimer: This reporting is based on publicly available reporting, including official press release from Notch. Nervnow has not independently verified the claims.

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