# 1Fort

**Source:** https://www.startuphub.ai/startups/1fort
**Profile type:** Startup

> AI platform automating business insurance for brokers, increasing efficiency and bind rates.

## About

1Fort provides an AI-powered platform designed to transform business insurance for agencies. Their solution automates key workflows including submissions, quoting, and binding, enabling insurance agencies to save time, win more commercial P&C business, and improve efficiency. The platform serves insurance agencies by offering a unified solution to manage various aspects of the insurance process.

## Key facts

- **Slug:** 1fort
- **Website:** https://1fort.ai
- **Location:** New York, United States
- **Founded:** 2022-01-01
- **Employees:** 50
- **Operating status:** Active
- **Total funding:** $27M
- **Sectors / tags:** InsurTech, AI-Driven Parametric Insurance, Commercial Insurance, Brokerage Software, Workflow Automation, API Platform, Fintech
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/1fort

## Frequently asked

### What does 1Fort do?

1Fort provides an AI-powered platform designed to transform business insurance for agencies. Their solution automates key workflows including submissions, quoting, and binding, enabling insurance agencies to save time, win more commercial P&C business, and improve efficiency. The platform serves insurance agencies by offering a unified solution to manage various aspects of the insurance process.

### What is 1Fort's revenue?

StartupHub estimates 1Fort's annual revenue at $33.5M (range $23.9M to $53.4M, 68% confidence), based on comparable companies in the sector.

### What is 1Fort's valuation?

StartupHub estimates 1Fort's effective valuation at $103.2M (range $67.3M to $161.4M, 20% confidence), based on comparable companies in the sector.

### How much funding has 1Fort raised?

1Fort has raised a total of $27M in funding.

### Where is 1Fort headquartered?

1Fort is headquartered in New York, United States.

### When was 1Fort founded?

1Fort was founded in 2022.

### What industry does 1Fort operate in?

1Fort operates in InsurTech, AI-Driven Parametric Insurance, Commercial Insurance, Brokerage Software, Workflow Automation, API Platform.

### How many employees does 1Fort have?

1Fort has approximately 50 people on record.

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