From artificial intelligence, AI raised only $ 7.5 million to repair commercial insurance for small companies worth 24 meters in America.

1FORT Today, the seed financing round of $ 7.5 million to improve how small companies obtained commercial insurance through their Acting platform. The New York -based youth company, which witnessed the growth of 200 % revenues per month in 2024, aims to automate the outdated manual operations that left millions of small companies.

Bonfire Ventures He led the excessive round of subscription, with the participation of who Draper AssociatsFounder of the slope Karim came to himAnd current investors The village of the worldand Operator partnersand Capital 8 bitand VC personalityAnd Company projects. This last investment is a total 1FORT financing of $ 10 million.

“The brokers deal with insurance on 70 % of companies, however, 75 % of these companies are still not secure, as their brokers stumbled on a manual workflow for decades that include e -mail threads, PDF units, and data schedules,” said Anthony Marshai, founder and CEO of the email company. “1FORT solves this problem by automating the entire insurance mode for mediators. It collapses weeks of manual retreat to a quick lightning work that provides the correct coverage of customers without the usual troubles.”

How 1FORT of AI cuts insurance leaves from hours to minutes

1FORT It enhances artificial intelligence to eliminate the most time consuming aspects of commercial insurance processing. The platform enables the intermediaries to enter customer information once, then complete the applications automatically, recover the vector rates, analyze coverage options, and interconnected operations and payments.

“Think about 1FORT of artificial intelligence as the automated pilot of insurance offices,” Marshi explained. “It deals with the work of lightning speed-lightning hard applications automatic, withdrawing immediate price offers from transportation companies, cross coverage options, and processing of outstanding payment and financing.”

According to the company, brokers who use the platform provides up to two hours for each offering and increasing connection rates by up to 20 percent. These efficiency gains appear to pay the platform rapid adoption between insurance specialists.

Marshi said: “The brokers are adopted by 1 Fort collectively because it provides concrete results.” “They complete the submission in record time, link more deals, and secure better coverage for their customers.”

Covering gaps is a multi -carrier platform in all fifty states

1 Fort dealt with the retail challenge in commercial insurance through partnership with more than ten pioneering mediation companies and A carriers, including A, including A. bracketand Tokio Marine HCCAnd Marcil. The platform now offers coverage via multiple business lines and is licensed in all fifty states.

What started as cybersecurity solution has expanded to include technology and negligence errors, professional responsibility, administrative responsibility, public responsibility, and workers’ compensation coverage.

“1FORT is not a narrow solution at the point that addresses one step-it is a full full platform that covers everything from quote to linking to risk management and financing,” said Marshi. “Unlike some additions trying to cut the intermediaries, 1FORT is specially designed to enable the brokers and their customers in every step.”

This approach centered around the 1Fort is distinguished from the direct insurance platforms to the consumer. Instead of replacing brokers, 1FORT enhances their capabilities – a strategy that hesitates with industry professionals.

Travis Hedge, co -founder of the Vouch company, supported by startups, supported the platform: “1FORT was a great resource for our team, allowing us to move faster and offer great products to our customers.”

1FORT grows a wider shift in the insurance industry, as artificial intelligence and automation are increasingly replaced by contracts dating back to contracts.

Jim Andleman, co -founder and administrative director of Bonfire Ventures, highlighted this opportunity: “Building the solutions of Amnesty International’s service to update the old workflow in vertical insurance is one of the most exciting opportunities today.”

The commercial insurance market represents an enormous opportunity, generating hundreds of billions of annual installments in the United States alone. However, much industry still depends on outdated technology and manual processes.

“After going into many Insurtech tools that came and went and let them down over the years, when the brokers finally sees a platform that deals with the complex workflow smoothly, she feels almost unrealistic.” “In the noise industry, the reaction was” only working “is to verify the authenticity of the 1FORT approach.”

The ambitious vision of 1FORT: Building “Operating System” for commercial insurance

With new capital on hand, 1FORT plans to enhance the capabilities of artificial intelligence, expand its team, and create additional partnerships for the carrier company. The company has set ambitious goals for the coming years.

“Our vision is to become the only artificial intelligence operating system for commercial insurance,” said Marshi. “This means automating every aspect of the mediator’s workflow in all major commercial lines. The brokers will spend their time to advise customers and build relationships, while the 1FORT platform deals with all heavy lifting in the background.”

Funding will accelerate development efforts to enhance the intelligence and automation of the platform. “This new financing may accelerate everything that 1FOT was doing already,” Marshi explained. “More investments in our artificial intelligence will finance, and pay automation and intelligence to new levels.”

Since small companies face increasingly complicated risk of technology, data privacy and cybersecurity, platforms like 1FOT can play an important role in filling the insurance gap. By simplifying the intermediaries, the company aims to make a comprehensive insurance coverage more easy for millions of small companies that are currently at risk.

“The end of the game: obtaining insurance becomes simple like a few clicks. With AI from 1FORT runs the entire process behind the scenes.”

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