mea Platform, an AI-driven insurance technology company, has announced a $50 million minority growth equity investment from SEP, a prominent investor in enterprise technology.
Founded in 2021, mea focuses on applying artificial intelligence to the insurance industry, offering products designed to improve combined ratios and strengthen margins.
The company, which has been intentionally self-funded until now, is entering its fourth consecutive year of profitable growth. The investment from SEP will support accelerated product development and customer engagement as mea continues its global expansion across re/insurance operations, first announced last October.
mea provides AI solutions tailored for the insurance sector, automating end-to-end operations for carriers, brokers, and MGAs. Its products are pre-trained for the language and requirements of insurance, enabling fast, non-disruptive deployment.
The platform is live with clients in 21 countries and manages over $400 billion in gross written premium. Notable customers and partners include AXIS, CNA, The Hartford, Markel, SCOR, Ardonagh, Lloyd’s of London, PPL, Accenture, DXC, ServiceNow, Velonetic, and Verisk.
Despite significant technology investment across the insurance industry, many processes remain manual and resource-intensive. Operating costs account for up to 14 points of the combined ratio for carriers and nearly half of total broker expenses, totalling roughly $2 trillion annually. mea’s AI products automate these processes, achieving up to 60% reductions in operating costs while driving gains in gross written premium and margins.
Founded by experienced insurance professionals, mea combines sector expertise with scalable technology to deliver measurable results. Its product suite has expanded from submission ingestion to comprehensive operational automation, providing rapid deployment and return on investment for clients.
Martin Henley, Founder and CEO of mea, commented: “SEP brings deep experience in scaling enterprise technology businesses, and we are excited to partner with them as we grow mea with the same discipline and focus that has brought us to this point. We saw significant inbound interest from potential investors and chose SEP for their long-term perspective, collaborative style, and the strategic support they will provide as we enter our next phase of growth.
“Our opportunity to improve client combined ratios and margin is built on years of developing and deploying insurance-specific AI at global scale. As the industry moves from AI experimentation to production, customers increasingly recognise the value of domain-specific technology that delivers results immediately.”
Angus Conroy, Managing Partner of SEP, added: “mea is an excellent fit with our strategy of backing IP-rich technology companies that solve complex problems for the world’s largest organisations. mea has built a highly differentiated, production-grade platform with clear return on investment for global insurance groups.
“Strong customer adoption, growth, and capital efficiency reflect both the quality of the technology and the team’s deep insurance expertise. In a dynamic market, mea stands out for what is live, proven, and scaled today. We are excited to partner with Martin and the mea team as they continue to scale the business.”
