Certificial’s core product is the Smart COI Network™, a patented platform that combines certificate issuance and compliance management to monitor insurance data in real time and provide dynamically updated certificates of insurance. The platform enables agencies, insureds, and requestors to continuously monitor vendor coverage and replaces traditional point-in-time COIs, email, faxes, and mail. Over the past year the company has seen 40x growth in the number of transactions on its platform, signaling rapid adoption in the risk management and broker communities. Certificial has won industry awards and recognition for its team and remote-first culture. The company plans to use the new capital to accelerate hiring of top-tier talent and fill key leadership roles while supporting operational growth. Leadership includes co-founders with industry experience, including a former ACORD CTO; the company is based in Raleigh, N.C. Certificial is a real-time certificate of insurance (COI) issuance and compliance management platform that enables dynamic ACORD certificates using real-time data. The platform automates the COI exchange process for agents, brokers, insureds and requestors, reducing administrative burden and cost. Certificial provides real-time compliance alerts, coverage monitoring and actions to eliminate uninsured activity—such as turning off building access to un- or under-insured suppliers. In Q1 2021 the company added over 6,000 new agencies and brokers and supports tens of thousands of corporate users across industries. Carrier adoption is ramping, evidenced by Nationwide's investment, and the company recently launched a partnership with EXL to extend automation and operations management capabilities. No revenue or profitability figures were disclosed in the announcement.

Total raised

$21M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2023