Adaptive Insurance
Reviewed active Updated Jul 8, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Adaptive Insurance is an Austin, Texas-based climate-resilience company that develops AI-driven specialty insurance and technology products designed to fill the coverage gaps created by climate volatility and shrinking availability of traditional insurance 12. Co-founder and CEO Mike Gulla previously spent 20 years across Nationwide, Allstate, and Hippo (where he was Hippo’s first insurance hire) before starting Adaptive in 2024 3. The company launched GridProtect in 2025 — the first-of-its-kind parametric insurance product for short-duration power outages that triggers predefined payouts based on verified outages using real-time third-party data — and has since added Wind and Hail Deductible Buy-Back, residential flood insurance, and Commercial Equipment Breakdown coverage to its product suite 12. On 2026-07-07, Adaptive announced an additional $5 million in financing, bringing total funding to $10 million; new investors include IAG Firemark Ventures, Sunna Ventures, Room & Pillar, and Connecticut Innovations, alongside existing backers Congruent Ventures, Seraphim Space, and Montauk Capital 12.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-07 | Seed extension | $5M | — | IAG Firemark Ventures, Sunna Ventures, Room & Pillar, Connecticut Innovations, Congruent Ventures, Seraphim Space, Montauk Capital 12 |
| 2025-02-27 | Seed | $5M | Congruent Ventures | Seraphim Space 4 |
What Investors Say
“What has impressed us most is Adaptive’s ability to move from identifying a market need to launching products that deliver tangible value for customers.” — Kevin Kopczynski, Congruent Ventures, on the 2026-07-07 financing 1
“We believe Adaptive’s team is building the type of technology-enabled specialty insurance platform that will play an important role in the future of resilience and risk management.” — Alex Guyer, IAG Firemark Ventures, on the 2026-07-07 financing 1
What Founders Say
“Businesses and homeowners today face risks from multiple directions at once. Specialty insurance products have a critical role to play because they allow customers to build resilience, recover faster, and maintain continuity against increasingly unpredictable disruptions.” — Mike Gulla, CEO & Co-Founder, on the 2026-07-07 financing 1
Sources
-
GlobeNewswire, “Adaptive Insurance Closes Additional $5M Financing to Expand Specialty Insurance Products Addressing Emerging Risks,” July 7, 2026. Accessed July 2026. https://www.globenewswire.com/news-release/2026/07/07/3323146/0/en/Adaptive-Insurance-Closes-Additional-5M-Financing-to-Expand-Specialty-Insurance-Products-Addressing-Emerging-Risks.html↩↩↩↩↩↩↩
-
Artemis.bm, “Parametric specialist Adaptive eyes specialty product growth following $5m funding,” July 2026. Accessed July 2026. https://www.artemis.bm/news/parametric-specialist-adaptive-eyes-specialty-product-growth-following-5m-funding/↩↩↩↩
-
Climateproof News, “Mike Gulla On Why Insurance Needs a Makeover for a Changed Climate,” accessed July 2026. https://www.climateproof.news/p/mike-gulla-on-why-insurance-needs-a-makeover-for-a-changed-climate↩
-
FinTech Global, “AI-driven InsurTech Adaptive Insurance secures $5m to launch climate resilience platform,” February 27, 2025. Accessed July 2026. https://fintech.global/2025/02/27/ai-driven-insurtech-adaptive-insurance-secures-5m-to-launch-climate-resilience-platform/↩