CoverForce

Financial Software · New York, United States · 11-50 Employees

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Overview

Headquarters

485 Madison Ave Ste 1702, New York City,...

Phone Number

(917) 905-6508

Revenue

$6.7 Million

Industry

Financial Software Software
ZI Rank: 1
Signal Type
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ZI Rank
2
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About CoverForce

CoverForce is a leading marketplace for quote-and-bind API connections in commercial insurance, offering a trusted and secure platform for carriers, agencies, and wholesalers. With over 20 of the largest insurance wholesalers and networks in America, CoverForce enables faster underwriting, instant quotes, and one-click policy binding. Founded at the University of Pennsylvania's Innovation Labs, CoverForce is backed by investors from Insight Partners, Nyca Partners, and QED Investors, as well as advisors from Travelers and The Hartford. The company continues to expand its reach by offering customized enterprise software for agencies and robust APIs that drive transformative change in the insurance ecosystem.Explore more
CoverForce's Social MediaPopular SearchesCoverforce IncCoverForceCoverForce Inc CoSIC Code 73,737NAICS Code 51,513Show more

CoverForce Org Chart

PhoneEmail
Cyrus Karai, Chief Technology Officer & Co-Founder at CoverForce
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Chief Technology Officer & Co-Founder

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Company Name

Revenue

Number of Employees

Type

Funding

Founded In

Top Executive

CoverForce

$6.7M
11-50
Private
$18M
2020
Cyrus Karai, Chief Technology Officer & Co-Founder at CoverForce
Cyrus KaraiChief Technology Officer & Co-Founder
$6.4M
11-50
Private
-
2013
<$5M
1-10
Private
-
-
RR
Ryan RichardsonFounder & Licensed Medicare Agent
<$5M
11-50
Private
-
-
N/A
<$5M
1-10
Private
-
2019
SM
Syed MuddassirSoftware Engineer
<$5M
1-10
Private
-
-
PA
Penny AldrichLicensed Insurance Representative
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Company Profile Activity

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Among all Software companies

Low Activity

High Activity

Activity Insights

CoverForce is experiencing very low activity levels compared to other companies in the Software sector.

What does this means?

CoverForce is drawing exceptional interest within the Software industry, suggesting notable developments or strong market momentum, learn more about CoverForce.

CoverForce financials insights

Gather financial insights about CoverForce, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2022

Angel/Seed

$5M

2025

Series A

$13M

See All CoverForce's Financials Insights

CoverForce Tech Stack

A closer look at the technologies used by CoverForce

Most Recent Scoops

Hiring Plans
CoverForce has more open roles in Sales than it has had at any time in the past 12 months with an increased focus on technologies like Plaid. Areas of expertise include: Customer Success Management, Account Management, Client Services, and Client Needs Assessment.
Hiring Plans
Open Position
Open Position
Open Position
Open Position
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CoverForce News & Media

  • CoverForce Raises $13M in Series A Funding

    CoverForce, a NYC-based provider of infrastructure platform for commercial insurance, raised $13M in Series A funding. The round was led by Insight Partners with participation from Nyca Partners. The company intends to use the funds to expand its platform’s capabilities, onboard additional carriers and distributors, and invest in AI-driven tools to further streamline insurance workflows. […] The post CoverForce Raises $13M in Series A Funding appeared first on FinSMEs.
  • Insurtech CoverForce, the API Delivering Instant Quote and One-Click Bind from Insurance Carriers, Partners with NowCerts

    CoverForce, the “independent “API delivering instant quote and one-click bind from the leading insurance carriers, announced a partnership with agency management system, NowCerts. Through this partnership, NowCerts has “launched an instant commercial lines quote and bind platform enabled by leveraging CoverForce’s API infrastructure.” Cyrus Karai,... Read More
  • CoverForce, Interview With CEO Cyrus Karai

    Some days ago, CoverForce, a NYC-based independent insurance platform, emerged from stealth mode raising $5m in seed funding. In conjunction with the announcement, Cyrus Karai, CEO, answered our questions about the company, the funding and future plans. FinSMEs: Hi Cyrus, can you tell us a bit more about yourself? What’s your background? Of course, I’m […] The post CoverForce, Interview With CEO Cyrus Karai appeared first on FinSMEs.
  • Insurtech CoverForce Unveils Product Suite, Supported by Professional Team and $5M Seed Round

    CoverForce, the insurance platform bringing streamlined comparisons and one-click buying to commercial insurance, emerged from stealth mode, “unveiling its comprehensive suite of products made specifically for agency networks, wholesalers, and software companies.” The company’s infrastructure and easy-to-integrate API aim “to provide digital access and one-stop... Read More
Read more news

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Frequently Asked Questions Regarding CoverForce

What is CoverForce's official website?
CoverForce's official website is www.coverforce.com
What is CoverForce's Revenue?
CoverForce's revenue is $6.7 Million
What is CoverForce's SIC code?
CoverForce's SIC: 73,737
What is CoverForce's NAICS code?
CoverForce's NAICS: 51,513
How many employees does CoverForce have?
CoverForce has 11-50 employees
What industry does CoverForce belong to?
CoverForce is in the industry of: Financial Software, Software
What is CoverForce competition?
CoverForce top competitors include: Compare Medicare, Univision Insurance, Grande Insurance Agency, InsureComp
What technology does CoverForce use?
Some of the popular technologies that CoverForce uses are: Cloudflare Website Optimization, Google Cloud DNS, Cloudflare CDN, MongoDB
Who is the CTO of CoverForce?
CoverForce's CTO is Cyrus Karai
How do I contact CoverForce?
CoverForce contact info: Phone number: (917) 905-6508 Website: www.coverforce.com
What does CoverForce do?

CoverForce is a leading marketplace for quote-and-bind API connections in commercial insurance, offering a trusted and secure platform for carriers, agencies, and wholesalers. With over 20 of the largest insurance wholesalers and networks in America, CoverForce enables faster underwriting, instant quotes, and one-click policy binding. Founded at th... e University of Pennsylvania's Innovation Labs, CoverForce is backed by investors from Insight Partners, Nyca Partners, and QED Investors, as well as advisors from Travelers and The Hartford. The company continues to expand its reach by offering customized enterprise software for agencies and robust APIs that drive transformative change in the insurance ecosystem.Read More

What are CoverForce social media links?
CoverForce Linkedin page
Who invested in CoverForce?
CoverForce has 7 investors including Ymca Partners, Muir Capital, Moving Capital and QED Investors.
Is CoverForce a public company?
CoverForce is private company therefore does not currently have an official ticker symbol
See more information about CoverForce

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