Qumis, a lawyer-built AI-driven platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million.
The Chicago-based insurtech said it will deploy the capital to expand its go-to-market team and deepen product capabilities as demand grows from large brokers, carriers, and coverage-focused law firms.
Qubis’ platform combines proprietary document processing with multi-stage legal reasoning trained on thousands of real-world coverage analyses.
Qumis previously raised $2.2 million in pre-seed funding.
Was this article valuable?
Here are more articles you may enjoy.
How Pittsburgh Insurance Agent Ended Up on Stage at 2026 NFL Draft 
Health Officials Downplay Pandemic Risk From Cruise Hantavirus Outbreak 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
Brown & Brown Wins Temporary Injunction Against Howden 
