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Qumis uses AI to extract, compare, and summarize coverage language so insurance professionals can resolve claims, place policies, and meet compliance faster. The platform runs a proprietary,…

Qumis uses AI to extract, compare, and summarize coverage language so insurance professionals can resolve claims, place policies, and meet compliance faster. The platform runs a proprietary,…
What they do: AI-powered, attorney-trained coverage intelligence for insurance (policy analysis, claims support, policy comparison)
Founded: 2022
Headquarters: Chicago, Illinois
Business model: B2B SaaS for claims teams, brokers, attorneys, and risk managers
Total funding (reported): USD 6,765,000
Insurance policy interpretation, claims resolution, policy placement, and compliance/legal review workflows
2022
Finance
Reported pre-seed round with multiple investor participation
USD 215,000
Reported seed entry
USD 50,000
Reported seed entry
“Alumni Ventures; American Family Ventures; Armory Square Ventures; BrokerTech Ventures; Forum Ventures; Grand Ventures; MTech Capital; Right Side Capital Management; Sean Harper; Tom Vander Schaaff”
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