Socotra was founded by Dan Woods in 2014.

Who are Socotra's investors?

Socotra's investors include 8VC, Activant Capital, CrunchFund, MS&AD 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 7 known rounds.

Where is Socotra headquartered?

Socotra is headquartered in Palo Alto, US.

Socotra

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

Find your way into Socotra

1,750 people in our graph share verified history with the Socotra team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows Dan Woods · together at Stanford University (overlapped)

×2knows the team · via Stanford University

×2knows the team · via University of California, Berkeley, Haas School of Business

×3knows the team · via Oracle

×3knows the team · via Stanford University Graduate School of Business

knows the team · via StartX

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.

AI & Machine Learning Cloud Computing InsurTech SaaS

Founders & leadership

Socotra was founded in 2014 by Dan Woods.

Dan Woods inFounder & CEODan 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.

Ekine Akuiyibo inChief 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.

Sonny Patel inChief 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

Benny PeretzBoard director

Investors · 9

8VCAustin · $100K – $50M

Activant CapitalNew York · $100K – $50M

CrunchFundvia Michael Arrington · inferred

MS&AD VenturesMenlo Park · $500K – $3M

Tuesday CapitalSan Francisco

Ulu VenturesPalo Alto · $2M

Brewer Lane VenturesreportedBoston

Insight Partnersreported · 2 sourcesNew York · $120M – $350M

Portage Venturesreported · 2 sourcesMontreal

Funding

SEC filings, press & company announcements

$37.8M disclosed across 5 of 7 rounds · 2014–2022

Undisclosed amountSeries CMar 2022
Insight Partners (lead)
Source ↗

▶$12.9MraisedMar 2021 · 8 investors · Other Technology

Rule 506(b)