Panora, a French startup developing AI software for insurance brokers, has raised $5 million in a seed funding round led by Isai. The round also included participation from Kima Ventures, 100in, 199 Ventures and the founders of Pennylane.
Founded by Diane du Paty and Fabian Langlet, Panora is building an AI-powered execution platform that automates administrative and operational workflows for insurance brokers. The platform is designed to handle repetitive tasks such as document collection, quoting, compliance and commission reconciliation, enabling brokers to spend more time advising clients.
The company developed the platform after conducting more than 200 hours of interviews with insurance brokers across Europe, identifying manual data entry and fragmented carrier systems as key operational bottlenecks. According to Panora, brokers often have to work across numerous insurer portals that lack modern integrations, making routine processes time-consuming and highly manual.
Designed for Europe's regulated insurance market, Panora's infrastructure is model-agnostic and supports multiple AI models without relying on a single provider. The platform includes traceable and auditable workflows, firm-level data encryption and carrier-specific logic intended to improve reliability while meeting regulatory and compliance requirements.
We sat next to brokers in Brest, Nice, Antwerp and London as they re-typed the same information into fifteen different extranets. They all told us the same thing: their job has become data entry instead of advice. Our conviction is that AI should do the work while the broker keeps the advice, the control and the accountability,
said Diane du Paty, CEO and co-founder of Panora.
Three months after its commercial launch, Panora says it has signed 40 broker clients, including several among the industry's largest firms, as well as international brokers and insurers.
The fresh funding will be used to expand the company's technical team, strengthen portal integrations, improve the reliability of its AI agents and data infrastructure, and support expansion into additional European markets following its initial rollout in France, Belgium and the UK.
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