US-based insurance automation company Fulcrum has secured $25m across seed and Series A funding rounds as it looks to broaden adoption of its software among large brokerage houses.

The financing was led by CRV, with backing from South Park Commons, Foundation Capital and a number of angel investors.

Fulcrum intends to use the capital to advance its platform, which helps brokers automate servicing work such as analysing coverage and claims, generating proposals, checking policies, preparing sales materials for clients and carriers, and issuing certificates.

The company’s system is built to connect with existing agency-management software including Applied Epic, and to extract policy documents from email while reconciling information across multiple records in real time, the press statement read.

Fulcrum co-founder and CEO Arjun Mangla said: “For too long, insurance brokerages have accepted a complex and outdated web of partners, paperwork and legacy systems. We are showing that it doesn’t have to be this way. Fulcrum is re-architecting the brokerage back office with AI that is fast, precise and deeply integrated into how teams actually work.”

According to Fulcrum, its tools currently handle more than 2,500 hours of manual activity each day across brokerage teams.

It has shortened policy delivery times from at least 15 days to same-day completion and reduced proposal-generation processes from six to eight hours to under two, the company claims.

It added that many of its customers are among the “top 50” US insurance brokerages, groups that have traditionally relied on offshore business process outsourcing providers for tasks such as policy checks and quality assurance.

Fulcrum was founded by CEO Arjun Mangla and chief technology officer (CTO) Sambhav Anand.

The company said its technology combines several large language models tailored for insurance, incorporating proprietary retrieval, reasoning and validation systems aimed at accuracy and compliance, while working directly within brokers’ existing workflows.

The latest funding round brings together institutional investors and angel backers as the company seeks to scale the use of its platform across major brokerage operations.

CRV general partner Reid Christian added: “Insurance brokers sit at the centre of a trillion-dollar market, but the systems that power their operations are decades old. Fulcrum is uniquely positioned to change that.

“The team has built a solution that fits directly into the systems brokers already use, replacing slow, outsourced workflows with AI that continuously handles the most operationally heavy parts of the job.”