Miami’s Gail Raises $8.2M to Build AI Engine for Financial Services

Miami Startup Gail Raises $8.2M to Build AI for Financial Services

Twin brothers Matthew and Michael Vega-Sanz, after selling their insurtech startup Lula in 2024, chose a different path for their next venture. Instead of heading to the usual tech hubs, they stayed in Miami and quietly developed their new company, Gail.

Gail is an AI platform built specifically for financial services. After operating in stealth mode for a year, the startup recently announced an $8.2 million seed round. The funding was co-led by HTwenty and Act One Ventures, with additional support from Mangusta Capital, NextView Ventures, and A15.

Focusing AI on Financial Services

Matthew Vega-Sanz explained that Gail was initially vague about its direction. With this new funding, the company is clear: Gail aims to be the primary AI solution for financial services.

The platform already supports over 200 companies and handles nearly 5 million phone calls daily for major banks and insurers worldwide. Their upcoming product, GailGPT, is distinct from general AI models like ChatGPT or Claude because it is built specifically for regulated industries requiring enhanced security and accuracy.

“If you’re writing a paper on Winston Churchill, generic AI works fine. But if you’re discussing a client’s financial position, you need something far more secure, accurate, and context-aware,” Matthew said.

Plans for Growth and Product Expansion

• Use new funds to deepen product development
• Expand integrations with financial systems
• Launch GailGPT, tailored for the financial sector

Gail’s vision is to address both internal employee tools and customer-facing AI solutions. Matthew compared their goal to what the Bloomberg Terminal did for financial professionals in the 1980s: providing essential, reliable information—but now powered by generative AI.

Building a Tech Hub in Miami

Choosing Miami over Silicon Valley was a deliberate move. The brothers, having grown up in South Florida, are committed to proving that Miami can nurture and retain top tech talent. Gail’s Coral Gables office currently employs about 15 engineers, with plans to expand.

The company is actively partnering with Florida International University and Miami Dade College to develop local talent pipelines. This approach supports the broader goal of establishing Miami as a sustainable tech ecosystem.

Inspiring Local Founders

Matthew emphasizes the importance of representation for aspiring entrepreneurs, especially those without early coding experience or elite educational backgrounds. He shared, “When we dropped out of school to start our first company, we didn’t see ourselves in the Zuckerbergs of the world. We want to be that example for the next kid from Miami who’s sitting on a big idea.”

Looking Ahead

Gail’s focus remains sharp: dominate one vertical and excel at it. The company’s mission is clear—build the best AI specifically for financial services.

Financial professionals interested in AI applications within their industry can explore specialized training and courses to stay ahead. Resources like Complete AI Training’s finance-specific AI tools offer valuable insights and practical skills.