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 Mar 31, 2026, the latest employee count at Coverforce is 48.

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.

Where does Coverforce rank among its competitors?

Coverforce ranks 6th amongst 137 active competitors, of which 17 are funded. It stands 4th 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, Optalitix and HeraldAPI. Among them, Coverforce secured the most recent funding round in March, 2025.

Coverforce - 2026 Company Profile, Team, Funding & Competitors

Coverforce is a series A company based in New York City (United States), founded in 2020 by Cyrus Karai. It operates as a Quoting software for P&C insurance. Coverforce has raised $18M in funding from Insight Partners and Nyca Partners. The company has 137 active competitors, including 17 funded and 21 that have exited. Its top competitors include companies like Covr, Optalitix and HeraldAPI.

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 137 active competitors

Employee Count

48 as on Mar 31, 2026

Similar Companies

HeraldAPI & 54 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	2185904	Series A	1819859	4189143	2079915	5511558
Jan 2022	4837994	Seed	2098571	6868575	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 48 employees as of Mar 26. Here is Coverforce's employee count trend over the years:

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Top competitors of Coverforce include Covr, Optalitix and HeraldAPI. 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	Optalitix 2013, London (United Kingdom), Series A	Provider of AI consulting and data analytics services	$8M	Calculus Capital, 24 Haymarket & 5 others	54/100
3rd	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
4th	Renaissance insurance 1993, Moscow (Russia), Funding Raised	Diversified insurance carrier	-	MedCorp, Baring Vostok & 3 others	53/100
5th	Quantee Ai 2016, Warsaw (Poland), Acquired	Developer of software for property and casualty insurance pricing and rating	$700K	Nunatak Capital, FundingBox Deep Tech Fund	48/100
6th	Coverforce 2020, New York City (United States), Series A	Quoting software for P&C insurance	$18M	Gaingels, Insight Partners & 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	FairDee 2017, Bangkok (Thailand), Acquired	Provider of insurance quoting software	$65M	Eurazeo, Salt Ventures & 11 others	46/100
9th	PerfectQuote 2017, Austin (United States), Funding Raised	Cloud-based insurance quoting software	-	InsurTech NY, Quake Capital & 1 others	46/100
10th	UnderwriteMe 2012, London (United Kingdom), Funding Raised	Automated and data-driven underwriting software	-	-	45/100