About Sayata
Sayata is a Financial Services company based in Boston (United States) founded in 2016 by Avishay M., Iddan Golomb, and Asaf Lifshitz, and was acquired by Penn-America Underwriters in September 2025. Insurance quoting solutions are provided for the insurance industry. Sayata has raised $65 million across 4 funding rounds from investors including OurCrowd, Elron Ventures and Pitango. Its chief executive, as recorded, is Asaf Lifshitz. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Software for Insurance Intermediaries. Its competitors include Corvus Insurance, Telivy and Limit; 3 of its 3 listed competitors have raised funding.
Company details
Sayata was founded in 2016 and is based in Boston, United States. Operations focus on the insurance sector, where quoting solutions are delivered alongside digital signing processes, tech EO coverage, and cyber coverage options. Educational tools are also supplied for industry professionals to support their work.
- Headquarters Boston, United States
- Founders Avishay M., Iddan Golomb, Asaf Lifshitz
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website sayata.com
- Social LinkedIn X
- Acquired by Penn-America Underwriters (Sep 2025)
- Total Equity Funding$65M (USD)
in 4 rounds
- Latest Funding Round$35M (USD), Series A
Jan 2022
- InvestorsOurCrowd
& 8 more
- Acquired byPenn-America Underwriters
(Sep 2025)
Funding Insights of Sayata
Sayata has successfully raised a total of $65M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $35 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $65M
- Total Rounds 4
- Last Round Series A — $35M
- First Round $6.5M
(Mar 2019)
- Investors Count 8
All 4 funding rounds of Sayata with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $35M | Series A | – | Pitango, Hanaco Ventures | |
| Aug 2021 | $17M | Series A | – | Team8, Vertex Ventures Israel | |
| Mar 2019 | $6.5M | Seed | – | Elron Ventures | – |
| Mar 2019 | $6.5M | Seed | – | – |
9 investors in total: 9 institutional.
Investors in Sayata
Sayata has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include OurCrowd, Elron Ventures and Pitango.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in tech and healthtech sectors through dedicated funds. | pitango.com | |||
Startups are funded through venture capital by Hanaco Ventures. | hanacovc.com | Tel Aviv, Israel | ||
| team8.vc | ||||
Early-stage venture capital firm investing in tech and life sciences sectors | vertexholdings.com | Singapore, Singapore | ||
Venture capital firm focused on early-stage technologies companies | 1962 | elronventures.com | Tel Aviv, Israel | |
Kamet Ventures is engaged in building transformative companies in HealthTech and InsurTech. | kametventures.com | Paris, France | ||
Tech focused early stage VC firm investing in Israel | vertexventures.co.il | Savyon, Israel | ||
Network connecting investors to startups, venture capital funds, and alternatives | 2013 | ourcrowd.com | Jerusalem, Israel | |
Investor details for Sayata
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Sayata
20 people are tracked at Sayata (9 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Avishay M. | Co-Founder and CTO | Leadership |
Iddan Golomb | Co-Founder and CPO | Leadership |
Asaf Lifshitz | Co-Founder and CEO | Leadership |
Upasana Unni | COO | Leadership |
Maayan Sanderovitz Eshed | VP Operations | Leadership |
Amir Morag | VP Of Product And Engineering | Leadership |
Mathew Reardon | Vice President Of Business Development | Leadership |
Valorie Owens, CPCU, RPLU | Vice President And Director Of Business Development, Central US | Leadership |
Ben Goldfien, CPCU, RPLU | Vice President - Insurance Operations | Leadership |
Georgette Y. | Insurance Operations Specialist | Team |
Timor Asselman | Product Designer | Team |
Brandi M. | Senior Insurance Operations Manager | Team |
Celesta Leclerc | Insurance Operations Manager | Team |
Hila Netser | Operations Manager | Team |
Eden Smolarski | Full Stack Developer | Team |
Lisa Joy Sanders | Southeast Business Development Manager | Team |
Aviya Dor-Kolan | Operations Manager | Team |
Amit Livne | Full Stack Developer | Team |
Dekel Glass | Full Stack Developer | Team |
Daniel Modilevsky | Full Stack Developer | Software Engineer | Team |
Complete people profiles for Sayata
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Timeline of Sayata
4 dated milestones of Sayata across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Sayata is founded.
- Funding First funding round of $6.5M.
- Funding Latest funding round, Series A, of $35.0M.
- Exit Acquired by Penn-America Underwriters.
Competitors of Sayata
Sayata has 3 listed competitors in our database, 3 of them funded. They include Corvus Insurance, Telivy and Limit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| corvusinsurance.com | 2017 | Boston, United States | $162M | 21 | AI-based policy software is developed for commercial insurance. | |
| telivy.com | 2021 | San Francisco, United States | $125,000 | Quoting and workflow management software for insurers is developed. | ||
| limit.com | 2020 | Walnut, United States | $14.31M | Commercial insurance products are offered through an online marketplace. |
Detailed competitors of Sayata
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- Full competitor set
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Sayata (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Frequently Asked Questions about Sayata
Sayata was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Sayata is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Asaf Lifshitz is the CEO of Sayata, as recorded in our data. They have also founded this company.
Sayata is a funded company, having raised a total of $65M across 4 funding rounds to date. The company's 1st funding round was a Seed of $6.5M, raised on Mar 2019.
Sayata was founded in 2016 and is based in Boston, United States. Operations focus on the insurance sector, where quoting solutions are delivered alongside digital signing processes, tech EO coverage, and cyber coverage options. Educational tools are also supplied for industry professionals to support their work.
Sayata's top competitors include Corvus Insurance, Telivy and Limit.
Sayata has 9 investors. Key investors include OurCrowd, Elron Ventures, Pitango, Hanaco Ventures, and Team8.
Yes. Sayata was acquired by Penn-America Underwriters in September 2025.