Convr logo — Convr AI is a modularized AI underwriting, data, and intelli...

Convr

Convr AI is a modularized AI underwriting, data, and intelligent document automation workbench.

Founded 2016 United States Schaumburg, United States 62 employees Series B Total: $17.70M AI, Data Analytics +3

General Information

Company Name Convr
Founded Year 2016
Location United States Schaumburg, United States
Employees 62
Industries AI, Data Analytics, Insurance +2
Funding Stage Series B
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Service Fee
Social

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About Convr

Convr, founded in 2016, is revolutionizing the commercial insurance sector with its AI-driven underwriting and data processing platform. Branded as a modularized AI underwriting, data, and intelligent document automation workbench, Convr caters specifically to the precise needs of insurers by providing a full digital profile of business clients, leading to superior underwriting accuracy.

With its intuitive platform, Convr offers cutting-edge insights and recommendations through features like Convr Answers AI, allowing users to delve deeper into risk analysis. Its unique modular design supports insurance businesses at various digitization stages, enhancing their capability to assess risk data efficiently.

The company's solution has gained the trust of major players in the industry, including three of the top 20 carriers, due to its ability to facilitate straight-through processing, significantly improving productivity and profitability.

Having raised a $15.20M Series B round in November 2019 from investors like M25 and Stage 2 Capital, Convr is poised for considerable growth, positioned as a key player at the intersection of AI, Data Analytics, and Insurance.

Business keywords: AI Underwriting, Commercial Insurance, Intelligent Document Automation, Risk Data Analysis, Underwriting Decision Engine, Straight-through Processing, Commercial P&C Insurance, Risk Selection, AI-driven Insights, Submission Automation, Decision Intelligence, Insurtech, Underwriting Productivity, Digital Transformation

Services & Products

AI-Derived Insights
Efficient Submission Intake
Risk 360
Answers
Scores
Insights
Workflow

Target Customers

Carriers Reinsurers Managing General Agents Underwriters Brokers/Agents P&C Insurance Organizations

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $15.20M 8
M25, Stage 2 Capital +6
14 Nov 2019
Convertible Note Undisclosed 2
M25, NFP Ventures
05 Dec 2018
Series A $2.50M -
07 Sep 2017

Convr Alternatives & Competitors

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Convr vs
Planck
Planck United States

AI Data Platform for Commercial insurance. Increasing commercial premiums while reducing loss and ex...

Venture round
68 employees
AI, Big Data
Convr vs
Joyn Insurance
Joyn Insurance United States

Insurance you want to join forces with.

Series A
17 employees
Insurance, Insurtech
Convr vs
Metamaze
Metamaze Belgium

Use Metamaze to automate every document and email workflow. 📑 📩

Seed
3 employees
AI, Internet

FAQ About Convr

Convr AI is a modularized AI underwriting, data, and intelligent document automation workbench.
Convr was founded in 2016.
Convr is headquartered in Schaumburg, United States.
Convr operates in AI, Data Analytics, Insurance, Insurtech and Machine Learning. Its work centres on AI Underwriting, Commercial Insurance, Intelligent Document Automation and Risk Data Analysis. Its customers include Carriers, Reinsurers and Managing General Agents.
Convr has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Convr has approximately 62 employees.
Convr has completed 3 funding rounds, raising a total of $17.70M. The latest funding stage is Series B.
Convr offers: AI-Derived Insights, Efficient Submission Intake, Risk 360, Answers, Scores, Insights, Workflow.
Top alternatives and competitors to Convr include Planck, Joyn Insurance, Metamaze, Typless, Pibit.AI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Convr and Planck are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Convr, https://bouncewatch.com/company/convr, updated 3 March 2026. When citing, please name BounceWatch and link this page.

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