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Exponential Science is a foundation that seeks to educate the public on the potential of emerging technologies and is also actively backing founders who set their sights on transforming entire industries. Thus, Exponential Science Foundation’s capital arm is glad to unveil its investment in Meshed, the UK’s first AI-native insurance broker, alongside lead investor Haatch and Aviva via Founders Factory, as part of its successful £950K pre-seed round.
Traditional insurance brokerage has remained largely unchanged for decades. Brokers still spend hours on manual processes, SMEs struggle with outdated systems, and the entire industry operates on inefficient workflows that drive up costs whilst leaving businesses underprotected.
Mark Costello, Jake Wells, and Vincent Liu, co-founders of Meshed, bring together significant insurance experience with emerging AI tools to address a long-standing issue in British business: the underinsurance of 80% of UK SMEs.
Meshed's approach fundamentally reimagines this model by applying new technology to the process. As such, this investment aligns with the Foundation’s strategic focus on supporting initiatives where exponential technologies can be applied within traditional industries.
The company has built an entirely AI-native platform from the ground up, deploying sophisticated AI agents across every aspect of the insurance journey:
- Browser use agents that automate complex quoting processes
- Voice agents that handle seamless data collection
- Predictive analytics that ensure coverage evolves with business needs
- Real-time updates that minimise underinsurance risk
The results speak to the transformative power of exponential technologies: what once took traditional brokers an hour now happens in nine minutes. Early customers are seeing savings of up to 52% whilst receiving more comprehensive coverage.
As Exponential Science Foundation continues to invest at the intersection of exponential technologies and traditional sectors, Meshed stands as an exemplar of what the foundation seeks: driven founders, transformative technology, and the potential to create exponential value for customers, industries, and society. The Foundation looks forward to seeing Meshed revolutionise the insurance industry and demonstrate the transformative power of AI-native solutions in traditional sectors.
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