Trussed AI Raises Seed Funding Led by ManchesterStory
Saratoga, California, February 4, 2026, Trussed AI, a company helping regulated enterprises deploy AI while meeting regulatory and audit requirements, today announced the closing of its seed financing round led by ManchesterStory, a preeminent early-stage investor in technology companies focused on insurance, financial services and health care. ManchesterStory invested through its Discovery Fund II and BrokerTech Fund. First Trust Capital Partners and Elefund also participated in the round.
As insurance companies and other regulated enterprises embed AI into core business workflows: from pricing, underwriting and claims to fraud detection and customer service, regulatory bodies are increasing oversight and requiring new governance frameworks. Trussed AI addresses this challenge by embedding governance controls directly into enterprise AI infrastructure, enabling organizations to deploy AI at scale while meeting regulatory expectations for transparency, auditability, and decision traceability.
The company's platform supports high-volume enterprise AI workloads, processing billions of AI transactions monthly for enterprise customers. Trussed AI provides real-time, proactive compliance, automated evidence collection, and regulator-ready reporting across the AI life cycle, all deployed behind customer firewalls to meet data sovereignty and security requirements.
The new capital will be used to expand agent compliance capabilities, implement continuous control monitoring aligned with emerging regulatory expectations, and scale deployments as insurance carriers, brokers, healthcare organizations, and financial services firms operationalize AI across their organizations.
"AI adoption in regulated industries is accelerating rapidly, but uncontrolled AI introduces significant regulatory, legal, and reputational risk. State regulators are already requiring bias testing, explainability, and documentation for AI-driven decisions," said Ajay Dankar, Co-founder and CEO of Trussed AI. "Trussed AI ensures that companies can deploy and rely on AI-driven decisions with confidence, meeting regulatory expectations while maintaining the speed and scale that enterprise AI demands. ManchesterStory's deep alignment with the insurance ecosystem including BrokerTech Fund's unique insight into distribution, First Trust Capital Partner's understanding of financial services and health care, and Elefund's operational expertise, makes them ideal partners in our mission."
ManchesterStory focuses on backing companies that align technology innovation with the real-world constraints of the insurance ecosystem. "Across the insurance industry, carriers and brokers are under pressure to adopt AI while regulators are asking harder questions about how those systems are governed," said Dave Miles, Co-Founder and General Partner at ManchesterStory. "Most enterprises were not built to provide model transparency, audit trails, or ongoing oversight for AI-driven decisions. Trussed AI delivers the infrastructure insurers need to operationalize AI responsibly, without slowing down the business."
About Trussed AI
Trussed AI is an AI governance and compliance platform designed for regulated industries. The company helps insurers, healthcare organizations, and financial services firms adopt AI safely by embedding compliance, auditability, and control directly into AI-powered workflows, all deployed on-premise behind customer firewalls. Trussed AI actively engages with industry bodies including the NAIC, contributing to the development of AI governance standards for regulated industries.
About ManchesterStory
Backed by $250 million in committed capital through partnerships with twenty-four insurance carriers & brokers, ManchesterStory is a preeminent lead investor in early-stage startups driving technological innovation in insurance, financial services and healthcare across North America and internationally.