/Companies

Socotra

Palo Alto, US · Founded 2014 · Delaware corporation · 203 employees on LinkedIn · 9 known investors

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Socotra is a cloud-native insurance core platform that provides configuration-only deployments, open APIs, and real-time data access for insurers across personal, commercial, and life insurance lines. The platform enables insurers to deploy products faster, maintain greater operational flexibility, and achieve high reliability without custom code or legacy system constraints.

Founders & leadership

Socotra was founded in 2014 by Dan Woods.

DWDan Woods
Dan WoodsFounderDan Woods holds a master's degree in computer science from Stanford with a focus on AI. He was an early engineer at Palantir, where he contributed to the company's initial AI capabilities and later led partnerships and deployments, before founding Socotra, a cloud-native insurance core platform.
EAEkine Akuiyibo
Ekine AkuiyiboChief Operating OfficerEkine Akuiyibo is Chief Operating Officer of Socotra, a cloud-native insurance platform that provides configuration-only deployments and open APIs for insurers. At Socotra, Akuiyibo oversees field engineering, product delivery, partnerships, training, and customer success.
SPSonny Patel
Sonny PatelChief Product and Technology OfficerSonny Patel worked at Dell, Microsoft, and Amazon before becoming Chief Product and Technology Officer at Socotra. He holds an MBA in Strategy & Entrepreneurship from UC Berkeley's Haas School of Business and a Master's degree in Computer Science from Texas A&M University.

Board

BP
Benny PeretzBoard director

Investors · 9

Funding

SEC filings, press & company announcements

$37.8M disclosed across 5 of 8 rounds · 2014–2022

▶$12.9MraisedMar 2021 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel WoodsExecutive Officer, Director
  • Joseph LonsdaleDirector
  • John KimDirector
  • Adam FeleskyDirector
Offering amount
$12.9M
Amount sold
$12.9M
First sale
Feb 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5MraisedDec 2018 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert ScullyDirector
  • Joseph LonsdaleDirector
  • Daniel WoodsExecutive Officer, Director
Offering amount
$5M
Amount sold
$5M
First sale
Dec 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$16.6MraisedSep 2018 · 45 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert ScullyDirector
  • Daniel WoodsExecutive Officer, Director
  • Joseph LonsdaleDirector
Offering amount
$16.8M
Amount sold
$16.6M
First sale
Sep 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.3MraisedMar 2015 · 5 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dan WoodsExecutive Officer, Director
  • Benny PeretzDirector
Offering amount
$3.2M
Amount sold
$1.3M
First sale
Mar 2015
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedOct 2014 · 23 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dan WoodsExecutive Officer, Director
  • Benny PeretzDirector
Offering amount
$2.9M
Amount sold
$2M
First sale
Sep 2014
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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In the news

Frequently asked questions

What does Socotra do?
Socotra is a cloud-native insurance core platform that provides configuration-only deployments, open APIs, and real-time data access for insurers across personal, commercial, and life insurance lines. The platform enables insurers to deploy products faster, maintain greater operational flexibility, and achieve high reliability without custom code or legacy system constraints.
Who founded Socotra?
Socotra was founded by Dan Woods in 2014.
Who are Socotra's investors?
Socotra's investors include 8VC, Activant Capital, MS&AD Ventures, Portage Ventures, Tuesday Capital, Ulu Ventures, Brewer Lane Ventures, Insight Partners and 1 more.
How much funding has Socotra raised?
Socotra has disclosed $37.8M raised across 5 of its 8 known rounds.
Where is Socotra headquartered?
Socotra is headquartered in Palo Alto, US.