CHICAGO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Qumis, the only attorney-trained AI platform for commercial insurance coverage intelligence, today announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million.

The funding comes as AI investment in insurance accelerates, but most capital is flowing to workflow automation and document processing. Qumis is building something different: attorney-trained AI that combines coverage expertise with market intelligence, giving every broker, underwriter, and claims professional capabilities that previously required both outside counsel and a data operations team.

"The gold standard for coverage analysis has always been a skilled coverage attorney, but you can't put one on every account," said Dan Schuleman, Esq., co-founder and CEO of Qumis. "Qumis changes that. Our platform delivers coverage-expert-level analysis at scale, with the citations and reasoning to back it up. And because it's AI-native, we can combine that expertise with the kind of market intelligence that large brokers typically need entire data operations teams to produce."

How Qumis Works

Qumis is powered by the most sophisticated coverage intelligence engine ever ...