1Fort AI is a technology company.
1Fort AI is a technology company.
1Fort AI has raised $12.0M across 2 funding rounds.
1Fort AI has raised $12.0M in total across 2 funding rounds.
1Fort AI is a New York-based insurtech startup founded in 2021 that builds an AI-powered platform for specialty commercial insurance, automating quoting, binding, and risk management to streamline processes for brokers and businesses.[1][2][3] The platform autofills applications, retrieves instant quotes from top carriers, compares policies, and generates proposals, serving sectors like construction, education, financial services, healthcare, manufacturing, real estate, retail, and more while helping prevent losses through proactive risk tools.[1][3] With $9.55M raised in seed funding—including a $7.5M round two months ago—1Fort targets middle-market clients via partnerships with independent brokerages, addressing underinsurance by flipping brokers' time from 90% manual tasks to client focus.[1][2][3]
1Fort was founded in 2021 by a team of technology and insurance professionals, including CEO and cofounder Anthony Marshi, in New York City (initially at 335 Madison Ave, now at 32 Mercer St in SoHo).[1][2][3] The idea emerged from recognizing insurance's outdated 90s-era processes—endless emails, PDFs, and spreadsheets—that leave 90% of businesses underinsured and brokers spending only 10% of time with clients.[3] Early traction included a $2M raise in June 2023 to automate cyber insurance procurement, followed by expanded VC backing exceeding $10M from firms like Bonfire Ventures, Draper Associates, Village Global, BrokerTech Ventures, and Company Ventures, fueling platform evolution amid rising premiums and complex risks.[1][2][3][4]
1Fort rides the insurtech wave intersecting AI automation with a trillion-dollar insurance industry stuck in manual inefficiency, where agencies sell 90% of policies but lose time to admin amid rising premiums and cyber threats.[3][4] Timing aligns with 2025 funding surges in AI-driven insurtech (e.g., peers like Guardz, Cowbell Cyber), fueled by market forces like escalating risks in sectors like construction and healthcare, plus broker needs for tech to handle fast-moving dangers.[1] By empowering brokers—the dominant sales channel—1Fort influences the ecosystem, reducing underinsurance, accelerating carrier access, and setting a model for AI in B2B services.[2][3]
1Fort is poised to scale its platform as AI reshapes specialty insurance, with recent $7.5M funding signaling momentum toward broader carrier integrations and risk tools amid 2025 insurtech highs.[1] Trends like AI workflow automation and cyber risk proliferation will propel growth, potentially expanding to more sectors while evolving broker-carrier dynamics. Its broker-exclusive focus could cement influence in middle-market placement, transforming a fragmented market into efficient infrastructure—positioning 1Fort as the AI fortress for tomorrow's risks, much like its mission to protect businesses in a fast-moving world.[2][3][4]
1Fort AI has raised $12.0M in total across 2 funding rounds.
1Fort AI's investors include Bonfire Ventures, Primary Venture Partners, Village Global, Ben Porterfield, Karim Atiyeh, 186 Ventures, Accomplice VC, Arrive, Baseline Ventures, Boston Seed Capital, Impellent Ventures, NextGen Venture Partners.
1Fort AI has raised $12.0M across 2 funding rounds. Most recently, it raised $10.0M Seed in April 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2025 | $10.0M Seed | Bonfire Ventures, Primary Venture Partners, Village Global, Ben Porterfield, Karim Atiyeh | |
| Jun 1, 2023 | $2.0M Seed | 186 Ventures, Accomplice VC, Arrive, Baseline Ventures, Boston Seed Capital, Impellent Ventures, NextGen Venture Partners, NextView Ventures, Operator Collective, Predictive VC, The Hit Forge, Village Global, VitalStage Ventures, Y Combinator, David Chang, Jeff Seibert, Jennifer Lum, Scott Belsky |