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Qumis logo — Transforming reading and interpreting insurance policies.

Qumis

Transforming reading and interpreting insurance policies.

Founded 2022 United States Chicago, United States 6 employees Seed Total: $265.00K Enterprise Software, Insurtech

General Information

Company Name Qumis
Founded Year 2022
Location United States Chicago, United States
Employees 6
Industries Enterprise Software, Insurtech
Funding Stage Seed
Social

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About Qumis

Qumis is an AI-powered knowledge platform designed for complex claims teams within the insurance industry. Leveraging large language models, the platform transforms insurance policies into live, citation-enriched documents, drawing from the collective expertise of the team and a proprietary database of court records. Founded in 2022 and headquartered in the United States, Qumis aims to revolutionize the operations of complex claims teams by enhancing data security, implementing frictionlessly, and delivering transformative effects. The startup secured a $215.00K Pre-Seed Round investment on 01 October 2023 from Forum Ventures and undisclosed individual investors, fueling its mission to drive technological advancement and efficiency in the insurance business.

Business keywords: AI-powered knowledge platform, insurance coverage, claims teams, large language models, enterprise-grade data security, frictionless implementation, insurance technology, claims processing, insurance policy analysis, court records database

Funding Rounds & Investors (2)

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Funding Stage Amount Investors Lead Investors Date
Seed Round $50.00K 1
BrokerTech Ventures
BrokerTech Ventures
27 Mar 2024
Pre Seed Round $215.00K 2
Forum Ventures
Forum Ventures, Undisclosed Individual investors
01 Oct 2023

Latest News

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Qumis Raises $2.2M Pre-Seed to Revolutionize Insurance Industry Knowledge Work with AI — Globenewswire.com
Qumis Raises $2.2M Pre-Seed to Revolutionize Insurance Industry Knowledge Work with AI
Globenewswire.com Jan 21, 2025

Qumis Alternatives & Competitors

View All Alternatives
Qumis vs
Qantev
Qantev France

The leading AI claims platform for health & life insurance

B
51 employees
AI, Data Analytics
Qumis vs
Socotra
Socotra United States

Agile core for agile insurers.

Series C
169 employees
Enterprise Software, Financial Services
Qumis vs
Innoveo
Innoveo United States

No Surprises. Just Results.

Series A
116 employees
Applications, Enterprise Software
View all alternatives

FAQ About Qumis

Transforming reading and interpreting insurance policies.
Qumis was founded in 2022.
Qumis is headquartered in Chicago, United States.
Qumis operates in Enterprise Software and Insurtech. Its work centres on AI-powered knowledge platform, insurance coverage, claims teams and large language models.
Qumis has approximately 6 employees.
Qumis has completed 2 funding rounds, raising a total of $265.00K. The latest funding stage is Seed.
Top alternatives and competitors to Qumis include Qantev, Socotra, Innoveo. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Qumis and Qantev 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 Qumis, https://bouncewatch.com/company/qumis, updated 14 January 2025. When citing, please name BounceWatch and link this page.

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