Hercules.ai

AI automation platform for insurance data processing -- bordereaux normalization, submissions intake, and claims data extraction for carriers, MGAs, and brokers.

Document Management Growth Series B

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Overview

Hercules.ai is a document intelligence and data automation platform for carriers, MGAs, and brokers that need to process high volumes of structured and unstructured insurance data. The company was founded in 2017 as Zero Systems and rebranded under the Hercules name in February 2025 following its Series B funding. Its insurance platform handles bordereaux normalization, eligibility and enrollment automation, claims data extraction, and bancassurance workflow processing.

The platform is built around RosettaStoneLLM, a proprietary large language model with 7 billion parameters developed in-house for entity mapping and data transformation tasks in regulated industries. Data flows through a multi-agent system where specialized AI workers handle extraction, validation, rule enforcement, and exception routing. Deployment is available as cloud-hosted SaaS or on-premises, with SOC 2 Type II and HIPAA certifications.

The company counts State Farm and Mercer among its insurance customers and reports 4x annual growth as of mid-2024. In August 2025, Hercules sold its legal technology product line (Apollo, Verify, and Athena) to Aderant, sharpening its focus on the insurance and professional services markets. The company raised USD 26M in its Series B round led by Streamlined Ventures and Thomson Reuters Ventures.

Products & Services

Insurance Data Automation Platform

Hercules automates high-volume data processing tasks for insurance operations, converting unstructured documents and inconsistent file formats into validated, standardized output.

Key Features

Bordereaux ingestion and standardization -- converts any bordereaux format to uniform output for faster underwriting
Eligibility and enrollment automation -- extracts and verifies benefits data from intake through final submission
Claims data extraction -- processes claims documents and census files with compliance enforcement
Bancassurance workflow automation -- handles inconsistent data formats across banking and insurance partners
Human-in-the-loop learning that improves accuracy over time
Rule-based compliance enforcement and role-based access controls

Target Users: Carriers, MGAs, brokers, and bancassurance operations handling high-volume data workflows

Business Benefits Onboarding

Processes high-volume census data from carriers for new employee enrollment. Automates data mapping from employer files to carrier requirements.

Key Features

Census file ingestion from multiple formats (PDF, CSV, scanned documents)
Data validation against carrier enrollment rules
Exception routing and resolution workflows

Target Users: Carriers and employers managing group benefits onboarding

At a Glance

Founded: 2017
Headquarters: Campbell, California
Employees: 51-200
Funding: Series B

Category & Focus

Category: Document Management
Subcategories: Bordereaux Processing Claims Data Extraction Enrollment Automation AI Data Transformation
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance Group Benefits
Target Customers: Carriers, Brokers, MGAs/MGUs, Employers