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Qumis
AddedFeb 19, 2024
UpdatedJun 18, 2026
Qumis

Qumis

Pre-Seed

Qumis, a Chicago-based software company, uses AI to transform insurance policies into enriched documents, enhancing claims teams' efficiency.

HQ
Chicago, IL, US
Founded
2022
Overview
Compare
Fundraising
Employees
Website

Qumis, founded in Chicago, Illinois, is a software company specializing in AI-powered solutions for the insurance industry. Their core mission is to enhance the efficiency and accuracy of complex claims teams by transforming traditional insurance policies into dynamic, citation-enriched documents. Utilizing large language models and a proprietary database of court records, Qumis aims to provide seamless implementation and enterprise-grade data security. Their primary market focus includes claims teams, brokers, attorneys, and risk professionals.

Notable figures affiliated with Qumis include insurance coverage experts and lawyers who have contributed to the development of their AI engine, Qumis Cortex. The company has achieved significant milestones in reducing legal expenses for their clients by minimizing the need for external legal counsel. Qumis's impact is evident in its ability to streamline insurance policy reviews, ultimately allowing professionals to manage complex risks more efficiently and cost-effectively.

Qumis - Similar Companies

Stream logo

Stream

stream.claims

Sixfold AI logo

Sixfold AI

sixfold.ai

Lisa Insurtech logo

Lisa Insurtech

lisainsurtech.com

MyCover.ai logo

MyCover.ai

mycover.ai

Responsiv logo

Responsiv

responsiv.ai

AI Insurance logo

AI Insurance

aiinsurance.io

QuanTemplate logo

QuanTemplate

quantemplate.com

Arcimus logo

Arcimus

arcimus.com

Indemn logo

Indemn

indemn.ai

Pibit.ai logo

Pibit.ai

pibit.ai

Quarule logo

Quarule

quarule.com

Plover Parametrics logo

Plover Parametrics

plover.insure

Soteris logo

Soteris

soteris.co

Fortuna-Insights logo

Fortuna-Insights

EvolutionIQ logo

EvolutionIQ

evolutioniq.com

Qumis - Quick Facts

Who are Qumis' competitors?

Companies similar to Qumis include Stream, Sixfold AI, Lisa Insurtech and MyCover.ai.

When was Qumis founded?

Qumis was founded in 2022.

Where is Qumis' headquarters located?

Qumis' headquarters is located in Chicago, IL, US.

When was Qumis' last funding round?

Qumis' most recent funding round was for $215k (USD) in October 2023.

How much has Qumis raised to-date?

As of Oct 1, 2023, Qumis has raised a total of $215k (USD).

How many employees does Qumis have?

Qumis has 6 employees as of Feb 4, 2024.

Qumis - Classification

Ownership
  • Venture Capital
Technology
  • AI
  • Machine Learning
Geographic Exposure
  • United States
Revenue
  • Recurring
  • Software
Customer
  • Enterprise
Main Product
  • Insurance Software
Tags
  • Insurtech
  • SaaS
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software
Show 6 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7371Computer Programming Services