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Convr - About the company

Convr is a series B company based in Schaumburg (United States), founded in 2016 by Harish Neelamana. It operates as a Provider of an AI workbench for commercial property and casualty underwriting. Convr has raised $18M in funding from investors like MK Capital, Seyen Capital and Palm Drive Capital. The company has 1043 active competitors, including 195 funded and 116 that have exited. Its top competitors include companies like Sedgwick, Cytora and Shift Technology.

Company Details

Provider of an AI workbench for commercial property and casualty underwriting. The workbench offers data enrichment and intelligent document automation. It expedites commercial insurance processes with data, underwriting insights, business classification, and risk scoring. The workbench drives straight through processing for insurance organizations.
Website
convr.com
Social
X
Email ID
*****@convr.com
Registered Address
475 N MARTINGALE RD STE 800,SCHAUMBURG,IL,60173,0
Key Metrics
Founded Year
2016
Location
Schaumburg, United States
Stage
Series B
Total Funding
$18M in 2 rounds
Latest Funding Round
Investors
Ranked
Employee Count
62 as on May 31, 2026
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Convr's funding and investors

Convr has raised a total funding of $18M over 2 rounds. Its first funding round was on Sep 08, 2017. Its latest funding round was a Series B round on Nov 14, 2019 for $*****. 7 investors participated in its latest round. Convr has 10 institutional investors.

Here is the list of recent funding rounds of Convr:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Nov 14, 2019
9339415
Series B
3197836
1058589
5281188
4203850
Sep 08, 2017
8043461
Series A
4976419
7774549
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Convr's founders and board of directors

Founder? Claim Profile
The founders of Convr is Harish Neelamana. Bruce Simpson is the CEO of Convr.
Here are the details of Convr's key team members:

Convr's employee count trend

Convr has 62 employees as of May 26. Here is Convr's employee count trend over the years:
Employee count trend for Convr
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Convr's Competitors and alternates

Top competitors of Convr include Sedgwick, Cytora and Shift Technology. Here is the list of Top 10 competitors of Convr, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Sedgwick
Sedgwick
1969, Memphis (United States), Acquired
Provider of claims administration, loss adjusting, and benefits management services
$2.63M
76/100
2nd
Logo for Cytora
Cytora
2012, London (United Kingdom), Acquired
Risk management solutions for insurers and underwriters
$41.5M
67/100
3rd
Logo for Shift Technology
Shift Technology
2014, Paris (France), Series D
Provider of AI solutions for insurance underwriting, claims, and risk
$320M
67/100
4th
Logo for Pibit AI
Pibit AI
2020, San Francisco (United States), Series A
AI-powered underwriting platform for commercial property and casualty insurance
$7.64M
66/100
5th
Logo for OpenGamma
OpenGamma
2009, London (United Kingdom), Acquired
Platform that provides SaaS based solutions for derivatives risk analytics
$74.9M
66/100
6th
Logo for Credit Benchmark
Credit Benchmark
2012, London (United Kingdom), Series B
Credit risk data aggregator of banks
$35.6M
66/100
7th
Logo for Quantexa
Quantexa
2016, London (United Kingdom), Series F
Developer of decision intelligence software for data analysis and management
$546M
65/100
8th
Logo for Munich Re
Munich Re
1880, Munich (Germany), Public
Platform offering insurance risk management solutions
-
64/100
9th
Logo for Perfios
Perfios
2008, Bengaluru (India), Series D
Provider of AI-driven platform for financial analysis, verification, and decisioning
$264M
63/100
10th
Logo for Nect
Nect
2017, Hamburg (Germany), Series B
Solutions for identity verification
$2.7M
63/100
19th
Logo for Convr
Convr
2016, Schaumburg (United States), Series B
Provider of an AI workbench for commercial property and casualty underwriting
$18M
60/100
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Convr's Investments and acquisitions

Convr has made no investments or acquisitions yet.

News related to Convr

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Media has covered Convr for a total of 7 events in the last 1 year, 4 of them have been about company updates and 2 about people movement.
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