Source: GlobeNewswire
Qumis, the only lawyer-built AI platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and BrokerTech Ventures.
Qumis replaces outdated, manual processes like policy reviews and claims coverage analyses with intuitive AI-powered solutions. Qumis combines AI with deep legal expertise required to help insurance professionals read, interpret, and provide counsel on complex policies with unprecedented accuracy and efficiency. Since its inception in 2023, Qumis already serves five of the 15 largest US insurance brokers, as well as leading specialty carriers and top insurance-focused law firms.
“At Qumis, we enable insurance professionals to work smarter, faster, and more confidently,” said Dan Schuleman, Qumis co-founder and CEO. “Advances in AI have unlocked the opportunity to reimagine the way insurance policies are analyzed and understood, transforming workflows that have remained unchanged for decades. This funding will accelerate our mission to bring cutting-edge solutions to an industry still entrenched in paper-based processes.”
Read the full article: https://www.globenewswire.com/news-release/2025/01/21/3012725/0/en/Qumis-Raises-2-2M-Pre-Seed-to-Revolutionize-Insurance-Industry-Knowledge-Work-with-AI.html
