mea Platform Acquired by SEP — Technology M&A

SEP has completed the acquisition of mea Platform, a enterprise software business in New York, for $50 million. mea Platform is an AI-native insurance technology company that builds proprietary, insurance-specific AI products to automate end-to-end operations for carriers, brokers, and managing general agents. The platform processes more than $400 billion in gross written premium across live deployments in 21 countries, supporting combined ratio and margin improvement through rapid, non-invasive integration. The investment is structured as a minority growth equity platform acquisition by a private equity firm, with capital intended to accelerate product development and expand customer engagement across (re)insurance operations.