Qumis: Funding, Investors & Team (Oct 2026)
Qumis is an AI platform designed to assist with analyzing insurance policies for claims, brokering, and compliance purposes. Created by insurance lawyers, Qumis provides high-quality analysis similar to that of a law firm and allows for real-time discussions about policies and institutional knowledge. This platform can significantly reduce the time spent on tasks, offering more accuracy and efficiency.
Qumis has raised $6.5M across 2 funding rounds on record, the most recent a Seed of $4.3M announced in Feb 2026.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Qumis Company Profile and Key Stats
Latest funding round on record: Feb 2026.
Qumis Funding Rounds
Qumis raised $2.2M in a Pre-Seed announced in Jan 2025.
1.1 years later, a Seed of $4.3M was announced in Feb 2026.
Qumis Founders and Leadership Team
Contact details for the Qumis team: 2 of 2 have an email address on file.
Start 14-day free trial →Qumis Funding Compared to Other Financial Services Startups
Qumis' latest round of $4.3M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Qumis Funding FAQs
What does Qumis do?
Qumis is an AI platform designed to assist with analyzing insurance policies for claims, brokering, and compliance purposes. Created by insurance lawyers, Qumis provides high-quality analysis similar to that of a law firm and allows for real-time discussions about policies and institutional knowledge. This platform can significantly reduce the time spent on tasks, offering more accuracy and efficiency.
How much funding has Qumis raised?
Qumis has raised $6.5M across 2 rounds on record. The most recent is a Seed of $4.3M announced in Feb 2026.
When did Qumis last raise funding?
Qumis' most recent funding round on record is a Seed of $4.3M, announced in Feb 2026.
Who founded Qumis?
FundedIQ lists Dan Schuleman (Founder), Shiv S (Founder) at Qumis.
Where is Qumis headquartered?
Qumis is based in Chicago, Illinois, United States.
How many employees does Qumis have?
Qumis is in the 1-10 employee band.
How does Qumis' funding compare to other Financial Services startups?
Qumis' latest round of $4.3M is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Qumis Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Qumis is left off this page rather than filled in.
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