US insurtech start-up Federato has raised $40 million in Series C funding, led by StepStone Group, bringing its total funding to $80 million. Existing investors, including Emergence Capital and Pear VC, also participated. StepStone’s John Avirett praised the company’s AI-driven RiskOps platform, which enhances underwriters’ efficiency by prioritizing high-value business and streamlining workflows. Federato’s clients have reported a 90% increase in quote speed and improved operational efficiency. The company previously raised $25 million in Series B funding last year, demonstrating its rapid growth and commitment to innovation in the insurance sector.

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