Herald, a New York-based digital infrastructure company in the commercial insurance sector, secured $12M in funding.

The investment round was spearheaded by Lightspeed Venture Partners and Brewer Lane Ventures, with Afore Capital and Underscore Venture Capital also participating.

Herald plans to utilize the funds to advance its unified API, enhancing digital connectivity between brokers and insurance carriers, as well as bolstering the platform's AI capabilities.

Led by CEO Matt Antoszyk, Herald's adaptable API infrastructure helps brokerages efficiently connect with over 35 insurance carriers across various lines of business, including cyber insurance and general liability.