Insurtech startup Fulcrum has raised $25 million in combined seed and Series A funding to transform how insurance brokerages work using artificial intelligence. The funding round was led by CRV, with support from well-known insurance and technology angel investors, including South Park Commons and Foundation Capital.
Fulcrum focuses on helping insurance brokerages modernise their daily operations by using AI-powered agents. These tools are designed to handle time-consuming and repetitive tasks such as coverage and claim analysis, proposal creation, policy checks, sales preparation, and certificate issuance. By automating these processes, Fulcrum allows brokers to spend more time on high-value client-facing work.
Traditionally, many insurance servicing tasks have been handled by business process outsourcing (BPO) firms. These processes often involve multiple handovers between teams, which can lead to delays, errors, and even compliance risks. Fulcrum aims to remove these inefficiencies by replacing manual workflows with intelligent automation.
The company was co-founded by Arjun Mangla, CEO, and Sambhav Anand, CTO. According to Fulcrum, its AI agents are deeply integrated into brokerage systems, enabling faster and more accurate service without increasing staff numbers or relying on costly offshore partners.
Arjun Mangla said insurance brokerages have long relied on outdated systems and complex networks of partners. He added that Fulcrum is rebuilding the brokerage back office with AI that is faster, more precise, and better suited to how teams actually work today.
Fulcrum claims strong early adoption, with nearly half of the top 50 insurance brokerages in the United States already using its platform. These are typically large firms that deal with huge volumes of data and have traditionally depended on BPOs for policy checking and quality control.
CTO Sambhav Anand said the insurance industry deals with massive amounts of detailed and varied data, which older software systems struggled to manage. Recent advances in AI have made it possible to handle this complexity at scale, helping brokers move away from manual work and focus on tasks they find more meaningful.
With fresh funding in hand, Fulcrum plans to further develop its AI capabilities and expand its reach across the insurance industry.
