{
  "id": 12322309,
  "title": "Nettle raises $4.8M to expand its AI workspace for insurers",
  "url": "https://urgent.news/2026/10/06/nettle-raises-4-8m-to-expand-its-ai-workspace-for-insurers",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-06T06:45:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/10/06/nettle-raises-48m-to-expand-its-ai-workspace-for-insurers/"
  },
  "original_language": "en",
  "account": "AI platform startup Nettle has secured $4.8 million in seed funding to enhance its technology aimed at helping commercial insurers manage risks. The funding round, led by venture capital firm MTech, was oversubscribed and included participation from Project A Ventures, Sure Valley Ventures, Portfolio Ventures, Ventures Together, and individual angel investors. This brings Nettle's total funding to $6.8 million, following a $2 million pre-seed round in March 2025.\n\nFounded in 2024 by former QuantumBlack employees Jack Miller and Katya Kinane, Nettle's AI-powered workspace is designed to streamline the process of assessing and managing physical risks for commercial insurers. The company identifies and addresses the challenges faced by loss control teams, which often experience significant backlogs and a projected 40% retirement rate among risk engineers by 2030.\n\nNettle's platform integrates risk identification, evidence capture, analysis, and reporting into a single, user-friendly interface. Utilizing AI and external data, the technology can remotely identify potential exposures and facilitate guided inspections, allowing risk engineers, agents, and policyholders to collect relevant risk data. The platform's capability extends to analyzing various forms of data, including images, video, audio, documents, and third-party sources, ultimately generating risk scores, reports, and recommendations.\n\nWith its initial development focused on Commercial Property, Nettle has since expanded its platform to cover other lines of business, such as Liability, Construction, and Workers' Compensation. By transforming loss control into a competitive advantage, Nettle aims to prevent losses by providing insurers with timely data and enabling risk engineers to focus on cases that require their specialized expertise.\n\nCo-founder and CEO Jack Miller emphasized that insurers can only effectively act on risks they understand, and Nettle's AI workspace removes the limitations imposed by team capacity. By extending the technology to agents and policyholders, Nettle enables insurers to gather information on sites that were previously economically infeasible to inspect. The platform is built for enterprise insurers and supports cloud and on-premises deployment, regional data residency, and enterprise-grade security.\n\nNettle is currently working with insurers in Europe, the United States, and Asia. The recently raised funds will be allocated to support Nettle's expansion efforts across the US and Europe, as well as to grow its engineering and go-to-market teams.",
  "summary": "Nettle, an AI platform for commercialinsurance loss control, has raised $4.8 million in an oversubscribed seedround. The round was led by MTech, with Project A Ventures following on with asuper pro ra...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}