1Fort, a NYC-based firm offering an AI platform for enterprise insurance coverage, raised $7.5M in funding.
The spherical was led by Bonfire Ventures, with participation from Draper Associates, Karim Atiyeh, the founding father of Ramp, Village World, Operator Companions, 8-Bit Capital, Character VC and Firm Ventures.
The corporate intends to make use of the funds to increase operations and its improvement efforts.
Led by CEO Anthony Marshi, 1Fort is an insurtech leveraging AI expertise to automate enterprise insurance coverage for brokers. Its platform supplies AI to automate numerous dealer workflows, together with autofilling insurance coverage functions, retrieving quotes from carriers, evaluating coverages, and integrating cost and financing choices.
The corporate is licensed in all 50 states and has already partnered with greater than a dozen A-rated carriers.
This increase introduced the overall quantity to $10M.
FinSMEs
18/04/2025
