# Qumis

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

> AI-powered platform for analyzing commercial insurance policies with attorney-grade accuracy.

## About

Qumis offers an AI Coverage Intelligence Platform for insurance use cases, providing legal-grade analysis of insurance policies. Its attorney-trained AI delivers clarity and speed for complex risks, enabling users to understand policy meaning, compare changes, summarize coverage, and verify compliance. The platform serves insurance professionals seeking to streamline policy analysis and make defensible coverage calls.

## Key facts

- **Slug:** qumis
- **Website:** https://qumis.com
- **Location:** New York, United States
- **Founded:** 2022-01-01
- **Employees:** 18
- **Operating status:** Active
- **Total funding:** $9M
- **Sectors / tags:** InsurTech, LegalTech, AI-Driven Parametric Insurance, Workflow Automation, API Platform, Generative AI, Large Language Model, Retrieval Augmented Generation
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/qumis
  - Twitter: https://twitter.com/qumis

## Frequently asked

### What does Qumis do?

Qumis offers an AI Coverage Intelligence Platform for insurance use cases, providing legal-grade analysis of insurance policies. Its attorney-trained AI delivers clarity and speed for complex risks, enabling users to understand policy meaning, compare changes, summarize coverage, and verify compliance. The platform serves insurance professionals seeking to streamline policy analysis and make defensible coverage calls.

### What is Qumis's revenue?

StartupHub estimates Qumis's annual revenue at $12.1M (range $8.6M to $19.3M, 68% confidence), based on comparable companies in the sector.

### What is Qumis's valuation?

StartupHub estimates Qumis's effective valuation at $37.1M (range $22.6M to $54.2M, 24% confidence), based on comparable companies in the sector.

### How much funding has Qumis raised?

Qumis has raised a total of $9M in funding. The most recent round on record is Seed.

### Where is Qumis headquartered?

Qumis is headquartered in New York, United States.

### When was Qumis founded?

Qumis was founded in 2022.

### What industry does Qumis operate in?

Qumis operates in InsurTech, LegalTech, AI-Driven Parametric Insurance, Workflow Automation, API Platform, Generative AI.

### How many employees does Qumis have?

Qumis has approximately 18 people on record.

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