When was Relay founded?

Relay was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Relay located?

Relay is headquartered in Toronto, Canada.

How many employees does Relay have?

As of Jun 30, 2026, the latest employee count at Relay is 1.

Is Relay a funded company?

Relay is a funded company, having raised a total of $15.4M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 2020.

When was the latest funding round of Relay?

Relay's latest funding was a $***** Series A round on May 19, 2021, with participation from 0 investor. Its primary sector is Insurance IT. In Canada, the Insurance IT sector has seen $32.8M in funding in 2026 to date.

Where does Relay rank among its competitors?

Relay ranks 70th amongst 733 active competitors, of which 105 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was FintechOS, which secured $28M in Sep, 2026.

Who are the top competitors of Relay?

Relay's top competitors include FurtherAI, FintechOS and Shift Technology. Among them, FintechOS secured the most recent funding round in September, 2026.

Relay - 2026 Company Profile, Team, Funding & Competitors

Relay is an acquired company based in Toronto (Canada), founded in 2019. It operates as a Platform for automating the reinsurance application processes. Relay has raised $15.4M in funding from Drive Capital and NFP Venture. The company has 733 active competitors, including 105 funded and 84 that have exited. Its top competitors include companies like FurtherAI, FintechOS and Shift Technology.

Company Details

Relay offers a platform for automating the reinsurance application processes. It offers data submissions, insights & analytics, power user options, blockchain-based document authentication, email, rating, underwriting, and accounting systems.

Website: relayplatform.com
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Key Metrics

Founded Year

2019

Location

Toronto, Canada

Stage

Acquired

Total Funding

$15.4M in 3 rounds

Latest Funding Round

Series A, May 19, 2021, $*****

Investors

Drive Capital & 6 more

Ranked

70^th among 733 active competitors

Employee Count

1 as on Jun 30, 2026

Similar Companies

Supercede & 34 more

Exit Details

Acquired by At-Bay (Aug 22, 2022)

View Relay's full profile

Relay got acquired by At-Bay on Aug 22, 2022.

Click here to take a look at Relay's acquisition in detail

Relay has raised a total funding of $15.4M over 3 rounds. Its first funding round was on Jan 2020. Relay has 7 institutional investors.

Here is the list of recent funding rounds of Relay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 19, 2021	9228081	Series A	9504732	1948219	4064761	5297477
May 03, 2021	7693652	Seed	5787019	8971040	6145100	Highline Beta
Jan 2020	2266699	Seed	5619817	5517828	NFP Venture	Highline Beta & 2 more

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View details of Relay's funding rounds and investors

Relay's employee count trend

Relay has 1 employees as of Jun 26. Here is Relay's employee count trend over the years:

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Top competitors of Relay include FurtherAI, FintechOS and Shift Technology. Here is the list of Top 10 competitors of Relay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	FurtherAI 2023, San Francisco (United States), Series A	AI-powered automation platform for insurance industry tasks	$35.6M	Nexus Venture Partners, Y Combinator & 7 others	69/100
2nd	FintechOS 2017, London (United Kingdom), Series B	Provider of AI-based software suite for the banking and insurance industry	$174M	Gapminder, Cipio Partners & 14 others	69/100
3rd	Shift Technology 2014, Paris (France), Series D	Provider of AI solutions for insurance underwriting, claims, and risk	$320M	Accel, Bessemer Venture Partners & 15 others	67/100
4th	Tinubu 2000, Moulineaux (France), Series D	Cloud-based software solutions for credit insurers, surety bonds & trade finance	$147M	Long Arc Capital, Bpifrance & 6 others	65/100
5th	Earnix 2001, Ramat Gan (Israel), Series D	Provider of a platform for AI decision-making in banking and insurance	$97.5M	JVP, Vintage Investment Partners & 10 others	63/100
6th	Sapiens 1982, Holon (Israel), Acquired	Insurance policy administration and compliance solutions for the insurance industry	-	EQT, Nir 4 You & 10 others	63/100
7th	Socotra 2014, San Francisco (United States), Series C	Cloud-based policy management and underwriting solutions for the insurance industry	$98M	MS&AD Ventures, Nationwide & 18 others	63/100
8th	Gradient 2018, Boston (United States), Series C	AI-based claims automation and auditing solutions for the insurance industry	$89.7M	Centana Growth Partners, Forte Ventures & 9 others	63/100
9th	Riskcovry 2018, Mumbai (India), Series A	Provider of a platform for digital insurance distribution and management	$14.4M	Morphosis Venture Capital, 360 One & 38 others	62/100
10th	Send Technology 2017, London (United Kingdom), Acquired	Software suite for commercial insurance	$10.6M	Breega, Mercia & 4 others	62/100
70th	Relay 2019, Toronto (Canada), Acquired	Platform for automating the reinsurance application processes	$15.4M	American Family Insurance, NFP Venture & 5 others	44/100