Qumis develops a Chicago-based software platform that blends proprietary document processing with multi-stage legal reasoning, producing source-linked citations, reasoning chains, and confidence signals for every answer. Insurance professionals use the system to analyze complex policy towers, spot coverage gaps, compare quotes and endorsements side-by-side, support claims positions, and surface market trends across their books of business. The product also lets firms centralize institutional knowledge within a secure document vault. CEO Dan Schuleman is expanding the company’s go-to-market organization and enhancing product capabilities to meet growing demand from large brokers, carriers, and coverage-focused law firms. The business has attracted customers by promising trustworthy, verifiable outputs that reduce manual legal review. Following its latest financing, Qumis has raised a total of $6.75 million to date, providing capital to scale sales efforts and deepen its AI functionality.

Total raised

$7M

Funding rounds

2

Latest round

Seed

Latest activity

Feb 2026