Helium Ventures Acquires InsurGrid, Igniting AI Push in Insurance Data

SAN FRANCISCO and CINCINNATI – January 21, 2026 – Helium Ventures, an AI-native holding company, today announced its acquisition of InsurGrid, the leading data platform for property and casualty (P&C) insurance agents. The move signals a significant push to accelerate the adoption of artificial intelligence in the traditionally manual process of insurance data collection and verification, a persistent challenge for the industry.

The acquisition brings InsurGrid, a fast-growing insurtech firm used by over 2,500 agents nationwide, under the stewardship of a holding company founded by seasoned fintech entrepreneurs. Financial terms of the deal were not disclosed.

The AI-Native Playbook in Action

This acquisition is a quintessential example of the strategy employed by Helium Ventures, founded by CEO Rohit Mittal and CTO Priyank Singh. The pair previously co-founded Stilt, a Y Combinator-backed fintech company that provided financial services to immigrants and was later acquired by JG Wentworth. Their experience building a data-driven lending platform informs Helium's core thesis: acquire established B2B software companies with proven product-market fit and inject capital and AI expertise to fuel exponential growth.

"InsurGrid represents exactly the type of innovative B2B software we look for—a product that solves a real problem, has demonstrated product-market fit, and serves a large, underserved market," said Mittal. "We're investing heavily in product development and team expansion to accelerate InsurGrid's growth trajectory."

Helium's model focuses on what it calls "true stewardship," providing a founder-friendly exit while committing to the long-term health and innovation of the acquired product. By targeting companies that have already solved a core customer need, the firm bypasses early-stage startup risk and applies its AI and scaling expertise where it can have the most impact.

Solving a Stubborn Industry Problem

Founded in 2019, InsurGrid carved out its niche by tackling one of the most tedious aspects of an insurance agent's job: collecting a potential client's current policy information. The conventional method involves a frustrating back-and-forth of emails, phone calls, and manually scanned PDF documents, often delaying the quoting process by days.

InsurGrid revolutionized this workflow with a deceptively simple solution. The platform provides agents with a secure, shareable link that allows clients to log into their existing insurance carrier's portal. With the client's permission, InsurGrid instantly and securely pulls the necessary policy details and declaration pages. This carrier-agnostic technology connects to over 350 insurance carriers, transforming a multi-day headache into a minutes-long, one-click process.

The impact on agent productivity and sales has been profound. "In two and a half weeks with InsurGrid, I had 10 bound policies," reported Jason Conner of Liberty Mutual. "That's 10 commissions I'm getting because of InsurGrid."

The platform's user-friendliness extends to clients of all technical abilities, a critical factor for widespread adoption. Josh Bagby of Providence Insurance noted, "I've had six different clients in three days, one of them being a 61-year-old who completed it in three minutes without any hesitation." By removing friction for both the agent and the customer, the platform helps agents close more business, faster.

Fanning the Flames of Innovation

Since the acquisition, InsurGrid has seen a dramatic acceleration in its product development and growth, reporting a 50% year-over-year increase through the fourth quarter of 2025. The infusion of capital and AI expertise from Helium Ventures has enabled the company to roll out features that were previously long-term roadmap goals.

Recent launches include an AI-powered policy review workspace, which uses artificial intelligence to automatically extract and analyze data from policy documents, flagging coverage gaps and cross-selling opportunities for agents. Other new tools include enhanced APIs for deeper automation, insurance verification workflows for landlords, and AI-powered commercial data extraction.

This rapid innovation has not gone unnoticed. "Under Helium's ownership, we're seeing unprecedented innovation and growth," said Chase Beach, founder and former CEO of InsurGrid. "The team has already delivered features our customers have been requesting for years, and I'm excited to see InsurGrid become the definitive P&C data platform for agencies of all sizes."

The strategy aligns with broader trends sweeping the insurtech sector, where AI is moving from a buzzword to a core operational tool. InsurGrid's development of "AI Agents"—capable of handling 24/7 customer inquiries, automating document processing, and analyzing client data for new opportunities—places it at the forefront of this transformation.

A Crowded Field and a Shifting Market

The acquisition arrives at a time of both intense competition and consolidation within the insurance technology landscape. InsurGrid operates in a space populated by large, established Agency Management Systems (AMS) from giants like Vertafore and Applied Systems, which offer comprehensive, all-in-one solutions for running an agency.

However, InsurGrid's strength lies in its specialized, best-in-class approach. Rather than attempting to replace an agent's entire tech stack, it focuses on solving one critical problem exceptionally well and integrating seamlessly with existing systems. This allows agencies to adopt its powerful data-collection tool without a disruptive overhaul of their core operations.

This deal also highlights a growing trend of strategic acquisitions where data becomes the central asset. As the insurance industry moves toward more personalized products and real-time risk assessment, the ability to quickly and accurately aggregate policy data is paramount. By acquiring InsurGrid, Helium Ventures has secured a key chokepoint in the insurance data supply chain, positioning the platform as an indispensable tool for the modern agent. With continued investment and a clear focus on AI-driven enhancements, InsurGrid is poised to solidify its role as a critical infrastructure layer for the P&C insurance market.