Cara

Based in New York, US, and founded in 2021 by CEO Vic Yeh, COO Jonathan Patel, and CTO Nikhil Kansal, Oyster Technologies, Inc. , a. k. a.

Oyster operates as an insurance technology company that modernizes personal insurance by providing a transparent online experience for consumers at the point-of-sale. In March 2026, Cara raised USD 8 million in seed funding led by Kearny Jackson with participation from individual investors. The company provides an omnichannel platform that enables merchants to offer insurance to their customers at the point of sale. The platform can be integrated into e-commerce platforms, brick-and-mortar stores, and more areas to offer customers tailored insurance options.

Oyster offers insurance coverages across theft, crash damage, medical payments, and liability coverage. The firm’s client base includes retailers, such as Bulls Bikes, Jewels by Grace, Zooz Bikes, Bario Neal, Area 13 Ebikes, The New Wheel, and more Oyster plans to use its proceeds from March 2026 funding to enhance the platform's automation capabilities and to scale insurance‑specific AI research and product development and build deeper integrations with agency management systems (AMS) and CRM platforms.