Mandl Launches to Rebuild Commercial Insurance with AI-Native Ecosystem

Mandl, a new AI-native enterprise, has launched to overhaul the commercial insurance value chain by building and acquiring specialized technology firms. Founded by former Samsara executive Rushil Goel, the company aims to modernize underwriting, claims, and operations, offering carriers and MGAs a path to move beyond legacy category-based pricing and manual administrative workflows.

What was announced

Rushil Goel announced the launch of Mandl at the 2026 Target Markets TMPAA Summit, positioning the firm as a central hub for AI-native commercial insurance transformation. The company’s strategy involves a dual-track approach: incubating new entities from the ground up and acquiring established firms that align with its vision of an AI-driven industry. Mandl currently oversees a portfolio that includes Nirvana, Vega, and Cooper.

Nirvana, an AI-native commercial insurer co-founded by Goel, has reached a run-rate premium exceeding $300 million with reported top-tier loss ratio performance. As part of the new structure, Jon Hammer, previously General Manager at Nirvana, has been appointed as its CEO, working alongside co-founder and Chief Actuary Alex Carges. Goel will transition to the role of Chairman at Nirvana while leading Mandl as CEO.

The portfolio also features Vega, a claims-focused entity that reports resolving claims four times faster than industry standards, and Cooper, an AI-native operations platform designed for insurance professionals. Mandl intends to scale these independent businesses while seeking further expansion opportunities across the commercial insurance value chain. The company is currently recruiting for roles across its technology, finance, strategy, and operations departments to support this growth.

"Insurance is the quiet force that lets ambition outrun risk, and there’s an incredible opportunity to rebuild it for the millions of businesses that depend on it,"

Rushil Goel

The companies involved

Mandl enters the market as a parent organization designed to house a suite of AI-specialized insurance entities. Its foundational company, Nirvana, operates as an AI-native commercial insurer focusing on high-precision risk assessment. By utilizing real-time data, Nirvana aims to move away from traditional category-based pricing, allowing operators to secure premiums based on actual performance rather than industry averages. The broader ecosystem includes Vega, which targets the claims sector to reduce resolution times, and Cooper, which provides an operations platform for MGAs, brokerages, and carriers to automate manual tasks.

The leadership team brings significant experience from the technology and transportation sectors; Rushil Goel previously led Samsara’s Connected Fleets platform, scaling it to more than $500 million in annual revenue before entering the insurance space. The companies within the Mandl portfolio have historically attracted interest from major venture capital firms, including General Catalyst, Lightspeed Venture Partners, and Valor Equity Partners, reflecting a significant capital interest in the intersection of AI and commercial underwriting.

What FF News has reported before

FF News has closely tracked the expansion of the companies now under the Mandl umbrella. In September 2026, we reported that Nirvana Appoints Industry Veteran Kevin Kettrick as Cyber Lead to Drive Global Expansion, a move that signaled the insurer's intent to diversify its product lines beyond its initial core offerings. This appointment was part of a broader trend of AI-native firms attracting traditional insurance talent to bridge the gap between technology and established risk management practices. Additionally, the investment landscape surrounding Mandl’s partners remains active, with firms like General Catalyst—a frequent backer in this space—recently involved in significant funding rounds for other AI-driven service providers.

What this means from an insurtech perspective

The launch of Mandl represents a shift from point-solution insurtech to a platform-based "house of brands" strategy. For traditional carriers and reinsurers, this move intensifies the pressure to modernize legacy core systems that cannot ingest the real-time data Mandl’s subsidiaries utilize for pricing. By proving an AI-native model with a $300 million run-rate at Nirvana, the group is challenging the actuarial status quo of category-averaging. MGAs and brokers are the primary beneficiaries here; if Cooper and Vega can truly deliver significantly faster cycle times and automated operations, the cost of distribution and administration drops. The industry must now observe whether this "build and acquire" model can maintain loss ratio discipline while scaling rapidly across diverse commercial lines.