1Fort
Category: AI in Insurance
AI platform for insurance agencies that automates commercial insurance submissions, quoting, binding, proposals, and servicing so brokers bind more policies in less time. 1Fort was founded in 2022. The company is led by Anthony Marshi. Based in New York, NY, USA. Team size: 11-50. Total funding raised: $10 Million. Latest round: Seed. Key investors include Bonfire Ventures (Seed lead), Draper Associates, Karim Atiyeh, Village Global, Operator Partners, 8-Bit Capital, Character VC, Company Ventures, BrokerTech Ventures.
- Founded
- 2022
- Headquarters
- New York, NY, USA
- Team size
- 11-50
- Total funding
- $10 Million
Value proposition
Utilizes AI to automate risk assessment, security control validation, and quote generation for business insurance, significantly reducing processing time from days/weeks to minutes while improving coverage terms.
Products and solutions
Automated Business Insurance Quoting Platform, AI-Powered Risk Assessment Engine, Security Control Validation and Remediation Guidance, API Integrations for Brokers & Insurers, Policy Management Dashboard
Unique value
Proprietary AI algorithms that automate complex underwriting and risk assessment for business insurance—especially cyber—by integrating with existing business tools via APIs for real-time security posture analysis.
Target customer
Independent insurance brokers and agencies (small through enterprise) seeking AI automation for commercial P&C submissions, quoting, binding, and servicing; end insureds are SMBs/mid-market via brokers.
Industries served
Technology, Professional Services, Retail, Hospitality, Construction, General SMBs
Technology advantage
AI-driven automation enabling speed and efficiency, leveraging NLP and ML models trained on insurance and claims data, seamless API connectivity, and a user-friendly platform that simplifies insurance complexity.
How they differentiate
Deep AI-driven automation of underwriting and risk assessment integrated with security tools, setting it apart from competitors that primarily act as digital brokers or marketplaces.
Main competitors
Embroker, Thimble, CoverWallet
Key partnerships
A-rated carriers including Arch, The Hartford, Markel, Tokio Marine HCC, JumpCloud (tech/security partner), brokerages including IMA, INSURICA, High Street Insurance Partners, HUB, Embroker
Notable customers
IMA, INSURICA, High Street Insurance Partners (Fieldstone), HUB, Embroker
Major milestones
Closed $2M Pre-seed funding (June 2023) Closed $7.5M Seed funding (March/April 2024) Launched partnerships with tech providers (e.g., JumpCloud, 1Password) Active customer onboarding and platform development
Growth metrics
~200% month-over-month revenue growth in 2024; 1,000+ agents on platform; brokers save up to 2 hours per submission / ~8 hours per week and lift bind rates up to ~20%; licensed in all 50 US states.
Market positioning
Emerging player in AI-native insurance automation for SMBs/mid-market, aiming to challenge established insurtech companies.
Geographic focus
Primarily US-focused
Patents and IP
No public record of patents; proprietary algorithms are likely protected as trade secrets.
About Anthony Marshi
Anthony Marshi is the Co-Founder and CEO of 1Fort. He has a background in consulting, having worked as an Associate at The Boston Consulting Group. He co-founded 1Fort in 2022.
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Official website: https://www.1fort.com