About
Openly provides AI-powered premium homeowners insurance via independent agents. Raised $368M+ total: $193M growth round (Jan 2025, Eden Global/Allianz X) and $100M Series D (2023). 50K+ independent agent partners across 24 states. AI generates quotes from county records, aerial photos, home listings. Uses Ecopia AI for geocoding. Founded 2017 by insurance industry veterans in Boston.
Key Facts
- [1]Funding: Total funding: $368M. Last round: Dec 2020. Stage: Growth.
- [2]Employees: Employee count: 51-200.
- [3]Website: Official website: openly.com.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founder
Ty Harris
Co-founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Openly?
Openly provides AI-powered premium homeowners insurance via independent agents. Raised $368M+ total: $193M growth round (Jan 2025, Eden Global/Allianz X) and $100M Series D (2023). 50K+ independent agent partners across 24 states. AI generates quotes from county records, aerial photos, home listings. Uses Ecopia AI for geocoding. Founded 2017 by insurance industry veterans in Boston. Openly is classified in the Insurance segment at the Applications layer of the financial AI stack.
Who founded Openly?
Openly was founded by Ty Harris (Co-founder & CEO).
How much funding has Openly raised?
Openly has raised $368M in total funding, placing the company at the Growth stage. The most recent round closed in Dec 2020. Among 45 funded Insurance companies, Openly ranks #14 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Openly use?
Openly primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Openly operate in?
Openly operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Openly headquartered?
Openly is headquartered in Boston, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Openly's competitors?
Companies similar to Openly in the Insurance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Openly offer?
Openly builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered premium home insurance. The platform is powered by Predictive ML technology.