Coverflow, a San Francisco, California-based AI insurance platform, has secured $4.8 million in Seed funding.
Investors
The round was led by AIX Ventures, with participation from Founder Collective and Afore Capital.
AIX Ventures is an early-stage venture capital firm that invests exclusively in AI-first startups, primarily at the pre-seed and seed stages. AIX provides both capital and deep technical mentorship. Its focus is on startups where artificial intelligence is core to the product or technology, spanning sectors such as enterprise software, biotech, developer tools, and AI infrastructure.
Coverflow Use of Funds
The company will use the funds to expand its team and develop additional AI-driven features aimed at saving brokers time and reducing operational costs.
About Coverflow
Founded in 2024 by Matthew Fastow and Akash Samant, Coverflow is an AI-powered insurance platform designed to eliminate manual workflows for brokers. The company leverages proprietary AI models to ingest, analyze, and extract critical data. Its platform processes unstructured policy documents, compares quotes, checks for discrepancies, generates proposals, and updates agency management systems. Headquartered in San Francisco, California, Coverflow's mission is to make the insurance industry ten times more efficient.
Funding Details
Company: Coverflow
Raised: $4.8M
Round: Seed
Funding Date: July 2025
Lead Investor: AIX Ventures
Additional Investors: Founder Collective, Afore Capital
Company Website: https://www.coverflow.com/
Software Category: Insurtech / AI / Workflow Automation
Source: https://www.webwire.com/ViewPressRel.asp?aId=341252