Amsterdam-based MarvelX, which uses agentic AI to automate workflows in regulated industries, has raised $6 million led by EQT Ventures with support from Plug and Play.
- Founded in 2025 by Ali el Hassouni, MarvelX develops an agentic AI platform for regulated industries, starting with insurance, to automate complex operational workflows with intelligence, transparency, and control.
- The firm's technology uses AI agents that integrate with existing systems, follow domain-specific logic, and adapt to evolving rules, eliminating the need for major infrastructure changes.
- The company’s first product, ClaimOS, is designed to automate the insurance claims process, one of the most time-consuming and costly areas in the industry.
Details of the deal
- The funding round was led by EQT Ventures, a Stockholm-based multi-stage VC fund with a portfolio of 91 startups, 204 investments, and 29 exits, including companies like Onramper, Luko, Siilo, and AirKit.
“MarvelX is building a next-generation vertical AI company in one of the most operationally complex and underserved industries. We're proud to partner with them to help transform this space," claims Tom Mendoza, Partner at EQT Ventures.
- The investment also included support from Plug and Play, along with several angel investors such as Jobi George, Mehdi Ghissassi, Keith Grose, Humphrey Valenbreder, and Gert Lanckriet.
- MarvelX will use the $6 million to expand its team, enhance the development of ClaimOS, scale its AI platform within the insurance industry, and extend its automation solutions to other regulated sectors, focusing on improving workflows and compliance.
