Fundraising Fox

Ilife

6 known investors

InfrasAI provides AI agents that automate manual, repetitive workflows in insurance and other industries by extracting data, interpreting files, mapping complex rules, and performing quality assurance across legacy and modern systems.

Also known as iLife · iLife Technologies · InfrasAI

Investors · 6

Also in the syndicate · 2

Foundation CapitalleadOpenView Partners

Company profile

researched Aug 2026

InfrasAI, operating at ilife.tech, offers a set of AI agents intended to automate manual, high-volume work in insurance, financial services and other regulated industries. The agents are packaged as discrete, combinable capabilities: Extract (pulling data from legacy or modern systems and arbitrary formats), Read & Interpret (processing files at scale), Map Rules (translating business rules into system-ready logic), Build (turning requirements into live workflows), Test (generating and executing QA test cases for human approval), and Support (search and editing in plain English). The company positions these agents around three solution areas: automating manual operations such as data entry, extraction, verification, QA and automated response; mapping complex rules and files including compliance requirements, legal forms, eligibility and claims; and migrating systems from legacy environments such as COBOL, EDI and policy administration platforms to modern infrastructure. The company emphasizes built-in guardrails and human review or approval of agent output.

The corporate entity behind the domain, iLife Technologies, is a Palo Alto, California company co-founded by Nelson Lee and Amit Lohia. Its earlier product was a front-end "Operating System" for insurance carriers and agencies that let life insurance agents generate quotes and e-applications, communicate with and market to clients from an integrated CRM, and build insurance websites without code. As of the January 2023 Series A announcement, that product was used by more than 11,000 agents and connected to 27 carriers, up from two at inception.

Founding story

iLife Technologies was co-founded by Nelson Lee and Amit Lohia.

Business model

The company sells AI agents to enterprises, stating that pricing is based on outcomes. Engagements are positioned to begin with a proof of concept on a customer's hardest problems, with results demonstrated in weeks before broader deployment. The predecessor iLife product was software sold to insurance carriers, agencies and agents, with per-user spend cited as a growth metric.

InfrasAI states that its AI agents are priced on outcomes.

Traction

Company materials cite 2-6x productivity gains, 85% cost reduction and 10x workflow acceleration, and reference Transamerica as a user. The earlier iLife platform reported more than 11,000 agents, 27 carrier tie-ups and 633% year-over-year revenue growth as of January 2023.

Latest developments

The company's site announces that Transamerica describes modernizing its life insurance business using InfrasAI. In January 2023, iLife Technologies announced a $17M Series A led by Foundation Capital, Brewer Lane Ventures and SCOR Ventures, with GTMFund and OpenView Partners participating, bringing total capital raised to $21M; John Kim, former President of New York Life, and Deanna Mulligan, former CEO of Guardian Life, joined the board.

▸Full profile — market position, technology, go-to-market, geography

Market position

The company addresses operational cost and complexity in insurance distribution and carrier operations. At its Series A, the earlier iLife platform was used by more than 11,000 agents and had grown from two carrier relationships at inception to 27, with the company reporting 633% year-over-year revenue growth and per-user spend growth in most months since its 2021 launch.

The company positions its agents as modular and combinable across the full workflow lifecycle — extraction, interpretation, rule mapping, build, test and support — with built-in guardrails, human approval steps, outcome-based pricing, and the ability to work across both legacy and modern systems.

Technology

The product consists of AI agents that can be hired, assigned and deployed in combination. Named agents cover data extraction from legacy and modern sources, reading and interpreting files in any format, mapping complex business rules into system-ready logic, building workflows from requirements, AI-driven QA that generates and executes test cases for human approval, and natural-language search and editing. The company cites built-in guardrails and support for legacy technologies including COBOL, EDI and policy administration systems.

Go-to-market

The company markets through a proof-of-concept motion focused on cost takeout, speed and user experience, validating savings on a customer's real data before scaling. Its site features endorsements from former insurance industry executives, including Philip Walker (former CEO of AAA Life Insurance), Kevin Sharps (former Global Head of Life & Retirement and Senior Partner at Deloitte Consulting) and Randy O'Connor (former CFO of M Financial Group), and highlights a customer account from Transamerica. The earlier iLife platform was distributed to insurance agents and through carrier and IMO partnerships.

Insurance carriers, agencies and agents, financial services firms, and other organizations in regulated industries with high-volume manual operations and legacy systems.

Geography

iLife Technologies is based in Palo Alto, California, United States.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Agents using platformJan 202311,000 agents
Carrier partnershipsJan 2023$27
Total capital raisedJan 2023$21M
Year-over-year revenue growthJan 2023633%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 3

launches, deals, and filings
Jan 2026
Transamerica uses InfrasAI to modernize its life insurance business

The company's website announces that Transamerica describes modernizing its life insurance business using InfrasAI.

source ↗

Jan 2023
iLife Technologies raises $17M Series A

iLife Technologies raised $17M in Series A funding led by Foundation Capital, Brewer Lane Ventures and SCOR Ventures, with participation from GTMFund and OpenView Partners. Proceeds were earmarked for product engineering and growth.

$17M source ↗

Jan 2023
Former insurance executives join board

John Kim, former President of New York Life, and Deanna Mulligan, former CEO of Guardian Life, joined the iLife board in connection with the Series A.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ilife do?
InfrasAI (iLife Technologies) builds AI agents that automate manual insurance and financial services workflows.
Who are Ilife's investors?
Ilife's investors include Expansion Venture Capital, OpenView Venture Partners, Unlock Venture Partners, GTMfund.