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Irys

Category: AI in Fintech

Irys provides an AI-native operating system designed to replace outdated legacy infrastructure for insurance agencies, brokers, and MGAs. Irys was founded in 2021. The company is led by Margeaux Giles. Based in Tampa, Florida, USA. Team size: 11. Total funding raised: $20.05 million. Latest round: Seed Round - $12.5M (October 2025). Key investors include Markd, Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, JMG Capital.

Founded
2021
Headquarters
Tampa, Florida, USA
Team size
11
Total funding
$20.05 million

Value proposition

To modernize insurance distribution by unifying financials, operations, and client data in real-time, providing clean data, scalability, and intelligent workflows to replace inefficient legacy systems.

Products and solutions

AI-native core insurance operating system, AI-driven modules for accounting, analytics, and submission management (launching early 2026)

Unique value

The platform is built to be AI-native, meaning artificial intelligence is embedded into its core infrastructure and workflows from the ground up, rather than being added on as a feature. This allows for deeper, more integrated intelligence across all operations.

Target customer

Insurance agencies, brokers, and Managing General Agents (MGAs).

Industries served

Insurtech, Insurance

Technology advantage

Irys's key advantage is its modern, integration-agnostic architecture with open APIs and a decentralized backend. This provides real-time data unification, enhanced visibility, and superior scalability compared to rigid legacy systems. The founder's extensive experience as an insurance agency principal provides a significant business advantage in understanding and addressing customer pain points.

How they differentiate

Irys differentiates itself by being an AI-native, cloud-based infrastructure designed to replace outdated legacy systems. It focuses on providing clean data, real-time visibility, and scalable workflows, with a key emphasis on relationship and analytics visualization for insurance agencies, brokers, and MGAs.

Main competitors

Applied Epic, AMS360, QQCatalyst

Key partnerships

Markd (Lead Investor), Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, JMG Capital

Notable customers

Blu Clarity

Major milestones

Secured $12.5 million in a seed funding round in October 2025., Previously raised $3.5M in initial seed funding in 2023., Selected by Blu Clarity as its foundational technology platform., Founded in 2021, now with total funding of $20.05M., Plans to roll out new AI-driven modules for accounting, analytics, and submission management in early 2026.

Growth metrics

Basic growth metrics are not publicly available. Company has 11 employees and is scaling engineering and customer success teams.

Market positioning

Irys is positioned as a modern, innovative challenger to established legacy players in the insurance agency management software market. It targets insurance professionals seeking more flexible, data-driven, and efficient open API platforms.

Geographic focus

Based in the USA, with a primary focus on the North American market, expanding to Canada.

Patents and IP

No public patents were found for Irys Insurtech.

About Margeaux Giles

Founder of Giles Insurance and Giles Consulting Group. Over 15 years of executive experience in operations and digital transformation for the insurance industry.

Official website: