Michael Vega-Sanz
Michael Vega-Sanz is an American entrepreneur. He is a co-founder of Lula Technologies, an insurance technology company, and Gail, an artificial intelligence platform for financial institutions. He and his twin brother, Matthew Vega-Sanz, were included in the Forbes 30 Under 30 list in 2024.
Early life and education
Vega-Sanz was born in Miami, Florida, to a family of Cuban and Puerto Rican heritage. He graduated from Palmer Trinity School in 2014. He attended Miami Dade College, studying business administration and management, before transferring to Babson College, where he focused on finance and information technology management before leaving to pursue business ventures. While at Babson, he participated in 180 Degrees Consulting, the Butler Venture Accelerator Program, and the Kairos society.
Career
In 2016, while enrolled at Babson College, Vega-Sanz co-founded Lula Rides, a peer-to-peer car-sharing platform for college students. The platform operated on over 100 college campuses in the United States, including the University of California, Los Angeles, and the University of Southern California. It allowed students to rent vehicles from other students through a mobile application. Lula Rides ceased operations in 2020 during the COVID-19 pandemic.
Later in 2020, Vega-Sanz and his brother founded Lula Technologies, based in Miami. The company provides software for risk management, policy administration, claims processing, and risk analysis in logistics, trucking, car rental, and shared mobility sectors. Lula Technologies raised venture funding, including an $18 million Series A round in 2021 and a $35.5 million Series B round in 2023, totaling approximately $60 million. By 2023, the company served 5,000 businesses in the United States.
In 2024, Vega-Sanz co-founded Gail, an artificial intelligence platform for financial institutions. The company develops software for customer service automation and operational workflows in insurance and banking sectors. The company has developed an AI model for financial services and raised $8.2 million seed funding.
Public engagement
Vega-Sanz has spoken at industry conferences and summits, including the Endeavor Miami Summit, InsureTech Connect Asia, Plug and Play Summits, eMerge Americas, the UFDSI Symposium, and the HTwenty Partners Summit. He has also appeared on podcasts such as The Terry Knight Show, Insurance Technology, DealMakers, Trucking for Millennials, and Three Rockers.
In 2020, Vega-Sanz shared his experience participating in Y Combinator’s virtual Demo Day, advising first-time founders to attend in-person accelerators. Following the Russian invasion of Ukraine in 2022, he engaged with displaced Ukrainian developers, and Lula Technologies offered employment opportunities to some of them.
Recognition
- 2023 — Lula Technologies listed by Forbes among U.S. startups with potential for future unicorn status.
- 2024 — Named to the Forbes 30 Under 30 list, Enterprise Technology category.
- 2024 — Listed among Cambridge’s 42 most impressive founders in the internet space by Best Startup UK.
- 2025 — Named among the Top 25 InsurTech Executives by The Financial Technology Report.
- 2025 — Recognized as part of the Tech Panel at the PIA of Virginia and D.C. Annual Trade Fair and Convention.