MGT Insurance, the fast-growing insurtech company transforming how brokers quote and bind commercial insurance, has raised $21.6 million in a Series B round led by Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and other key investors. Founded by Michael Topol and Graham Topol, the company is reimagining how automation, artificial intelligence, and data flow converge to eliminate the slow, friction-filled processes that have defined commercial insurance for decades.

Reinventing the Insurance Backbone

Commercial insurance has long struggled under the weight of legacy systems - manual quoting, scattered data entry, and underwriting decisions that rely more on paperwork than predictive analytics. MGT Insurance saw the inefficiency not as an inevitability but as an opportunity. Its AI-driven platform enables brokers to quote, underwrite, and bind coverage in minutes, replacing the traditional week-long cycle with near-instant precision.

By automating risk modeling and policy generation, MGT gives brokers back the one resource no system can create - time. That regained time becomes the foundation for trust, the real product of insurance. When policies bind instantly, confidence grows across the ecosystem - for the broker, the client, and the underwriter.

And it’s here that the true genius of MGT’s model emerges: it doesn’t just digitize insurance workflows; it changes the tempo of decision-making.

When an industry moves faster, everything else compounds - feedback, iteration, customer satisfaction, and market learning. What MGT is doing for insurance speed is what AWS did for server provisioning: collapsing delay into opportunity.

Why Founders Should Obsess Over Latency in Their Business

In every industry, there’s a silent tax founders overlook - latency. The time it takes for an action to become an outcome. It could be a quote waiting for approval, a code deployment waiting for QA, or a contract waiting for a signature. Latency quietly destroys velocity.

MGT Insurance’s approach teaches a core founder truth: the winners of the next decade won’t just move faster - they’ll remove the concept of “waiting” altogether.

Founders often believe innovation comes from adding capabilities, but true innovation often lies in removing unnecessary motion. MGT didn’t create a new insurance product; it eliminated everything that made the old one slow. That’s the deeper value - not just automation, but erasure of drag.

When you study the most efficient companies, from fintechs to SaaS leaders, the pattern repeats: every process is treated as a latency problem. By designing for instant feedback loops, they don’t just increase efficiency; they increase learning cycles. Speed becomes intelligence. Intelligence becomes defensibility.

That’s the compounding power founders should take from MGT’s model - every reduction in friction increases the surface area of opportunity.

Building a Smarter, Faster Insurance Engine

MGT Insurance’s AI core is continuously learning from broker behavior, claims data, and risk outcomes. This creates a self-optimizing feedback loop: every quote, every decision, every claim makes the model sharper.

Instead of human underwriters manually weighing risk profiles, MGT’s algorithms analyze thousands of data points in real time. Yet, the platform preserves the broker’s human judgment, empowering professionals to make final calls rather than execute repetitive tasks. The AI handles the precision; humans handle the nuance.

This balance is exactly why investors have such strong conviction in MGT’s trajectory. The system doesn’t aim to replace brokers - it makes them superhuman.

Strategic Capital and Investor Conviction

Leading the round, Mubadala Capital saw not just a scalable insurtech, but a future infrastructure company - a layer every commercial broker will eventually rely on. Clocktower Ventures and Tacora Capital recognized MGT’s operational discipline and its rare ability to blend automation with compliance, an essential edge in a regulated space.

The capital infusion will enable MGT to deepen its underwriting intelligence, expand its partner network, and launch new lines of commercial coverage. More importantly, it allows the company to continue its central mission: make every broker transaction as fast, compliant, and predictable as a modern fintech payment.

The Future of Commercial Insurance

MGT Insurance is building toward a world where risk moves at the speed of data. The company’s platform doesn’t just digitize the insurance process - it transforms the rhythm of the entire industry. What once took brokers hours of back-and-forth is now instant. What once demanded multiple approvals is now automated, validated, and logged within seconds.

As AI reshapes the foundations of traditional industries, MGT Insurance stands at the intersection of trust and technology - proving that insurance, one of the most resistant sectors to change, can become a model for intelligent automation.

For founders across industries, MGT’s story offers a sharp lesson: the companies that win the future won’t be the ones adding more features or departments - they’ll be the ones quietly removing friction from every transaction, every decision, and every customer touchpoint.

When you remove latency, you create momentum. And momentum, once built into the system, compounds forever.