Coverflow Raises $4.8M to Save Insurance Brokers 1,500+ Hours Each Year with AI Insurance Platform

Coverflow, an AI insurance platform on a mission to cut down on $130B of waste, today announced a $4.8 million in seed funding led by AIX Ventures, along with Founder Collective and Afore Capital. Coverflow’s AI-powered insurance platform automates policy checking, discrepancy flagging, and proposal generation, saving an average of 6+ hours per day for brokers. The company plans to use the funding to expand its team and build out additional features to save brokers time and money.

Insurance Brokers Problem: Hours of Manual Workflow Slowing Down Business

The insurance brokerage industry generates $400 billion in revenue annually, yet more than one-third of that, over $130 billion, is wasted on manual, low-value tasks. Brokerages spend countless hours poring over dense policy documents, keying data into legacy systems, building complex spreadsheets, and filing paperwork, time that could be spent better advising clients or growing their book of business.

Coverflow’s Solution: AI Platform to Handle All Manual Workflows for Insurance Brokers

Coverflow leverages proprietary AI models to ingest, analyze, and extract critical data from any policy document, no templates or manual tagging required. In seconds, it populates legacy brokerage systems, generates executive summaries, and highlights coverage gaps. Coverflow’s fully managed, web-based platform requires zero IT integration and ensures data stays secure, so brokers can automate workflows end-to-end without touching a line of code.

“Coverflow was born from the realization that brokers shouldn’t spend their days buried in paperwork,” said Matthew Fastow, co-founder and CEO of Coverflow. “By harnessing AI to automate every step, from policy ingestion and analysis to system updates and proposal generation, we’re empowering teams to reclaim hours out of their day and double down on client relationships and business growth.”

“Coverflow addresses some of the insurance industry’s largest bottlenecks caused by manual and paper workflows,” said Jason McBride, a Partner at AIX Ventures. “By saving brokers 6+ hours each day, Coverflow is poised to become the operational backbone for every broker by helping them focus on growing their business and serving their customers.”

To learn more about deploying Coverflow in your own organization, please visit: https://www.coverflow.com/

About Coverflow

Coverflow is an AI insurance platform that automates policy analysis, data entry, and workflow management for brokers worldwide. Founded in 2024 and headquartered in San Francisco, Coverflow processes thousands of policy and quote pages daily, saves brokers an average of six hours per day, and has been growing 3x month-over-month. Backed by AIX Ventures, Founder Collective, and Afore Capital, Coverflow is on a mission to make the insurance industry ten times more efficient. Learn more at https://www.coverflow.com/.

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