October 23, 2025

Full coverage

Hi there,

Going to Money20/20 next week?

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Learn how leading institutions are moving from reactive funding data to forward-looking signals that identify the next Snowflake, Databricks, or OpenAI before everyone else does.

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And now, here is this week's Hot or Not.

Hot: Insurtech 50

CB Insights just dropped its 2025 Insurtech 50 list of the world's most promising insurtech companies.

Nearly three-quarters of the list didn't exist at the start of the decade, underscoring how rapidly new entrants are reshaping the industry. For example, AI agents and extreme weather events are driving demand for smarter underwriting and expanded coverage options.

See the full Insurtech 50 list and explore what's driving insurance innovation in 2025.

Not: Dying young

The race to extend the human healthspan is heating up.

What began as a niche biohacking movement has evolved into a rapidly growing ecosystem spanning early disease screenings, stem cell preservation, hormone support, and next-gen therapeutics.

Based on headcount growth, longevity clinics are seeing the most momentum in the space. These clinics operate membership models, combining blood biomarker panels, full-body scans, and personalized health consultations.

CB Insights mapped 84 longevity tech startups across 8 key markets — see who's leading the charge.

Hot: Y Combinator's summer batch

Y Combinator's summer 2025 batch shows AI has moved from experimental tools to enterprise-ready systems.

The accelerator is betting big on 4 key areas:

Voice AI, especially in regulated industries
Software development tools from code generation to autonomous de-bugging
The full AI agent stack
Efficient AI infrastructure

See all the categories primed for breakout growth in our full analysis of Y Combinator's Summer 2025 batch.

Not: Traditional software pricing

Big tech's reasoning models are breaking the economics for AI tool vendors and forcing a repricing of the industry.

In the AI coding space, Cursor and Windsurf both forced rate limits within months of explosive growth, as reasoning models drove inference costs up 20x.

Usage-based pricing and open models are emerging as the fix: more than half of providers expect usage-based revenue to increase by 2027, while open models like Moonshot AI's Kimi K2 approach Claude's performance at a fraction of the cost.

Learn more about how coding AI companies are navigating the shift to usage-based pricing.

The +1

Source: u/thebrownishbomber via Reddit

Peak performance issues. Chart needs scaling.

I love you.

Anand

@asanwal

Co-Founder & Exec Chair

P.S. Want to learn more about how technology can make insurance more affordable? Register for our briefing Crawford & Company here.

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