When was Coverforce founded?

Coverforce was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Coverforce located?

Coverforce is headquartered in New York City, United States.

Who is the current CEO of Coverforce?

Cyrus Karai of Coverforce. They have also founded 1 company.

How many employees does Coverforce have?

As of Apr 30, 2026, the latest employee count at Coverforce is 51.

Is Coverforce a funded company?

Coverforce is a funded company, having raised a total of $18M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 2022.

When was the latest funding round of Coverforce?

Coverforce's latest funding was a $***** Series A round on Mar 05, 2025, with participation from 4 investors. Its primary sector is Insurance IT. In United States, the Insurance IT sector has seen $939M in funding in 2026 to date.

Where does Coverforce rank among its competitors?

Coverforce ranks 6th amongst 155 active competitors, of which 18 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Coverforce, which secured $13M in Mar, 2025.

Who are the top competitors of Coverforce?

Coverforce's top competitors include Covr, Ki and Optalitix. Among them, Coverforce secured the most recent funding round in March, 2025.

Coverforce - 2026 Company Profile, Team, Funding & Competitors

Company Details

Quoting software for P&C insurance. It offers end-to-end solutions that sync with agency systems. It offers a platform that integrates agents and carriers for quotes, and comparison. It provides direct access to all carrier questions, eliminating back-and-forth with underwriters. It enables users to get instant quotes and direct payments.

Website: www.coverforce.com/
Email ID: *****@coverforce.com

Key Metrics

Founded Year

2020

Location

New York City, United States

Stage

Series A

Total Funding

$18M in 2 rounds

Latest Funding Round

Series A, Mar 05, 2025, $*****

Investors

Insight Partners & 6 more

Ranked

6^th among 155 active competitors

Employee Count

51 as on Apr 30, 2026

Similar Companies

Ki & 61 more

View Coverforce's full profile

Coverforce is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
COVERFORCE, INC. CIN: 3134417 , United States, Active	Jun 25, 2020	-	6 (As on Dec 31, 2024)	-

Coverforce has raised a total funding of $18M over 2 rounds. Its first funding round was on Jan 2022. Its latest funding round was a Series A round on Mar 05, 2025 for $*****. 4 investors participated in its latest round. Coverforce has 6 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Coverforce:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 05, 2025	4460664	Series A	3506064	8075051	7078255	4462460
Jan 2022	1393803	Seed	3696585	7800415	Nyca Partners	Muir Capital & 2 more

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View details of Coverforce's funding rounds and investors

The founders of Coverforce is Cyrus Karai. Cyrus Karai is the CEO of Coverforce.

Here are the details of Coverforce's key team members:

Cyrus Karai: Co-Founder & CEO of Coverforce.
Contact Info: 1 email address

View details of Coverforce's Founder profiles and Board Members

Coverforce's employee count trend

Coverforce has 51 employees as of Apr 26. Here is Coverforce's employee count trend over the years:

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Top competitors of Coverforce include Covr, Ki and Optalitix. Here is the list of Top 10 competitors of Coverforce, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Covr 2013, Boise (United States), Series B	AI & cloud-based insurance quoting solutions for the insurance industry	$30M	Stone Point Capital, Allianz Life Ventures ... & 12 others	65/100
2nd	Ki 2020, London (United Kingdom), Series D	Provider of algorithmic underwriting services for commercial insurance risk placement	$500M	Blackstone, Fairfax Financial Holdings	57/100
3rd	Optalitix 2013, London (United Kingdom), Series A	Provider of AI consulting and data analytics services	$8M	Calculus Capital, 24 Haymarket & 5 others	54/100
4th	HeraldAPI 2021, Boston (United States), Series A	Cloud-based insurance quoting solutions for the P&C insurance industry	$20M	Lightspeed Venture Partners, Brewer Lane Ventures ... & 5 others	53/100
5th	Renaissance insurance 1993, Moscow (Russia), Funding Raised	Diversified insurance carrier	-	MedCorp, Baring Vostok & 3 others	53/100
6th	Coverforce 2020, New York City (United States), Series A	Quoting software for P&C insurance	$18M	Insight Partners, QED Investors & 5 others	48/100
7th	WeGroup 2017, Ghent (Belgium), Series A	Insurance quoting software	$5.96M	Truffle Capital, Seeder Fund & 4 others	48/100
8th	Digital Insure 2017, Paris (France), Acquired	Insurance quoting software	-	NewAlpha Asset Management	47/100
9th	FairDee 2017, Bangkok (Thailand), Acquired	Provider of insurance quoting software	$65M	Eurazeo, Salt Ventures & 11 others	47/100
10th	Seopa 2003, Belfast (United Kingdom), Unfunded	Quote engine solutions for brokers & insurers	-	-	47/100