Socotra
Socotra sells cloud-based insurance software to businesses worldwide. The company has raised $94M, most recently in a Series C round in March 2022, and employs 202 people.
The growth story
Socotra grew from 131 to 202 employees between 2021 and 2026, raising $94M along the way, most recently a Series C in March 2022.
About
Socotra provides a cloud platform that helps insurance companies manage their operations and connect with external tools. Its software is designed to be flexible and developer-friendly, targeting insurers looking to modernize their systems.
The company has raised $94M across funding rounds, with its latest Series C in March 2022. Its investor base includes notable firms like Founders Fund and 8VC. Socotra employs 202 people, with engineering being its largest function at 31 staff.
Founders and leadership
Engineering is Socotra's largest department with 31 staff. The company has a median employee tenure of 3 years, suggesting moderate retention in its San Francisco headquarters.
The Socotra org chart
Dan Woods (Founder & CEO) leads 33 mapped leaders with 3 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 52 (+33% YoY), Operations 42 (+2% YoY), Business Development 21 (+5% YoY), Education 10 (+11% YoY), Sales 8 (-20% YoY), Accounting 8 (+14% YoY).
Talent flow
Socotra recruits heavily from insurance software firms, with BriteCore and Guidewire Software being top sources. Alumni frequently move to tech companies like Microsoft, Apple, and Salesforce.
Most common previous employers of Socotra staff: BriteCore (6), Guidewire Software (4), Fandango (4), Five9 (4), Microsoft (3), Oracle (3). Former Socotra employees most often moved to Abnormal AI (2), Soteris (2), QuinStreet (2), Microsoft (2), Apple (2), Salesforce (2).
Alumni worth knowing
The Socotra mafia
Three Socotra alumni have founded companies, including Honge AI, Lovarys, and Portola Network. Each startup has at least one other Socotra alumnus on staff.
3Shailesh Phansalkar, was Director, Platform Engineering until 2024Tor Hagemann, was Principal Software Engineer until 2021Sami Malik, was Principal Engineer - Platform until 2022Web traffic
Traffic mix: 77% direct, 10% search, 0% social, 0% paid.
What this company is made of
Most common skills at Socotra: Leadership (38), Software Development (37), SQL (37), Java (37), Management (35), Project Management (34), Microsoft Office (33), JavaScript (32).
Where the team actually sits
Socotra people are concentrated in California, United States (16), San Francisco Bay Area (6), Texas, United States (4), Washington, United States (3).
Search footprint
Socotra attracts about 167 organic search visits a month, traffic worth roughly $1K a month if bought through ads. It gained 52 ranking keywords and lost 54 in the last period.
What employees say
- Compensation
- 4.50 / 5
- Career opportunities
- 4.50 / 5
- Senior management
- 4.40 / 5
- Work-life balance
- 4.20 / 5
Frequently asked
Socotra has 202 employees as of September 2026.
Socotra has raised $94M in total, most recently a Series C round in March 2022.
Socotra was founded in 2014 by Dan Woods.
Dan Woods (Founder & CEO) sits at the top of Socotra's reporting structure, with 3 direct reports.
The most common previous employers of current Socotra staff are BriteCore (6 people), Guidewire Software (4 people), Fandango (4 people).
Former Socotra employees most often move to Abnormal AI (2), Soteris (2), QuinStreet (2).
At least 3 companies have a founder who previously worked at Socotra, including Honge AI, Lovarys, Portola Network.
Socotra attracts about 167 organic search visits a month, worth roughly $1K a month in equivalent ad spend.
The most common skills among Socotra staff are Leadership, Software Development, SQL, Java, Management.
Socotra staff are concentrated in California, United States (16), San Francisco Bay Area (6), Texas, United States (4).
Socotra has about 52 people in Engineering, up 33% over the past year, as of September 2026.
Socotra has about 42 people in Operations, up 2% over the past year, as of September 2026.
Computed from 83 current and 141 former Socotra profiles, as of September 2026. Source: Crustdata.
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