AI-native insurance technology company mea Platform have announced a $50 million minority growth equity investment from enterprise tech investor, Scottish Equity Partners.

Since formation in 2021, mea has consistently driven the market for AI applied to the insurance industry. Demand is accelerating for mea’s AI products that rapidly improve combined ratios and strengthen margins.

Intentionally bootstrapped to date, mea is now in its fourth consecutive year of profitable growth. The investment from SEP will support mea in accelerating product development and customer engagement as the company continues its expansion, announced last October, across its (re)insurance operations.

mea deploys proprietary, insurance-specific AI products to automate operations for carriers, brokers, and Managing General Agents (MGAs). Because the products are pre-trained in the language and requirements of the insurance industry, customer deployments are fast and integration is non-invasive.

The company has client deployments across 21 countries, processing more than $400 billion of gross written premium (GWP) through its platform. Customers and partners include AXIS, CNA, The Hartford, Markel, SCOR, Ardonagh, Lloyd’s of London, PPL, Accenture, DXC, ServiceNow, Velonetic, and Verisk.

Despite ongoing technology investment in the insurance sector, many processes remain highly manual and resource-intensive. Operating costs account for up to 14 points of the combined ratio for carriers and nearly half of total expenses for brokers, representing roughly $2 trillion in annual industry costs. mea’s AI products orchestrate operations automation that can reduce operating costs by up to 60% while supporting GWP and margin gains.

Founded by former insurance industry professionals, mea combines sector-specific expertise with technology deployed at global scale. This approach has allowed the company to expand from its submission ingestion product to broader end-to-end operations, providing rapid deployment and measurable return on investment for customers.

Martin Henley, Founder and CEO of mea, said: “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.”

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Angus Conroy, Managing Partner of SEP, said: “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.”