MarvelX Raises $6M to Transform Operations with Agentic AI Starting with Insurance

We’re excited to share that MarvelX has raised $6 million in funding, led by EQT Ventures, with participation from Plug and Play and a group of exceptional angel investors including Jobi George (Weaviate, Elastic, Microsoft), Mehdi Ghissassi (Atomico Scout, Google DeepMind), Keith Grose (A16Z Scout, Coinbase, Plaid), Humphrey Valenbreder (Partior, bunq), Gert Lanckriet (Amazon) and others.

Why We Started MarvelX

AI has reached a tipping point. It can do much more than assist users in chat. It can take on full operational tasks. But when it comes to industries like insurance, plugging AI into legacy systems and manual workflows has proven ineffective.At MarvelX, we are building the infrastructure required to make AI truly operational. Our platform orchestrates intelligent agents that integrate with existing systems, follow domain-specific logic, and adapt to evolving rules. The result is a transition from repetitive, manual work to reliable, intelligent operations that scale.

Real Automation for Insurance
Our first product is already live. It is built to address one of the most time-consuming and costly areas in insurance: claims handling.

Focused on Insurance, Designed for More
MarvelX is purpose-built for industries where precision, explainability, and oversight are essential. We are starting with insurance because it is one of the most operationally intensive and underserved sectors when it comes to automation.Our architecture is designed to extend into adjacent domains where complex workflows meet compliance requirements.

From Hands-On Experience to Scalable Infrastructure
Before starting MarvelX, I spent nearly a decade building data and AI systems in regulated, high-stakes environments, including one of the most effective fraud detection systems in the industry. Reaching that level of performance meant developing much of the core infrastructure ourselves.

That experience shaped our belief in a different kind of AI: one that is not just powerful, but usable within the realities of regulated, high-stakes environments.

Our team brings experience in reinforcement learning, generative AI, compliance systems, and enterprise infrastructure. We are focused on solving the operational bottlenecks that slow real progress.

A Partner That Shares Our Vision

We received interest from over 150 investors. EQT Ventures stood out thanks to their experience working with ambitious, technically grounded teams in complex industries.

“MarvelX is building a next-generation vertical AI company in one of the most operationally complex and underserved industries. Their team combines deep AI expertise with real understanding of the regulatory and data challenges insurers, banks and wealth managers face every day. We're proud to partner with them to help transform this space.”

— Tom Mendoza, Partner at EQT Ventures


Looking Ahead

Our platform is already being used by forward-thinking companies in insurance. We are now expanding to support more insurers, third-party administrators, and operations teams looking to automate high-friction processes with intelligence and control.

We are also growing our team. If you are excited about building AI systems that drive real change in demanding environments, we want to hear from you.

About MarvelX

MarvelX is building the agentic AI platform for regulated industries starting with Insurance. The company’s AI agents automate complex workflows with intelligence, transparency, and control. Founded by Ali el Hassouni and based in Amsterdam, MarvelX is backed by EQT Ventures and a global network of operators and investors with experience at DeepMind, Microsoft, Amazon, and Coinbase.