CoverFlow

AI-powered platform that automates policy analysis, data extraction, and workflow management for insurance brokers.

AI & Automation Startup Seed

Overview

CoverFlow is an AI-powered insurtech platform designed to eliminate manual workflows for insurance brokers and independent agents. The company uses proprietary AI models to ingest, analyze, and extract data from policy documents, automating tasks that traditionally consume over six hours of a broker's day. From policy checking and discrepancy flagging to proposal generation and AMS updates, CoverFlow handles the end-to-end workflow without requiring templates, manual tagging, or IT integration.

Founded in 2024 by Matthew Fastow and Akash Samant, CoverFlow was born from the realization that the insurance brokerage industry generates $400 billion in annual revenue yet wastes more than $130 billion on manual, low-value tasks. The platform processes thousands of policy and quote pages daily, cuts manual processing by up to 90%, and has achieved 3x month-over-month growth with near 100% customer retention.

CoverFlow raised $4.8 million in seed funding in July 2025 led by AIX Ventures, with participation from Founder Collective and Afore Capital. The company is SOC 2 compliant and positions itself as a fully managed, web-based service that requires zero IT integration from brokers.

Products & Services

AI Policy Analysis Platform

CoverFlow's core platform uses proprietary AI and RPA to ingest unstructured data from carrier documents, quotes, and binders. It processes any policy document without templates or manual tagging, extracting critical data in seconds.

Key Features

Automated policy document ingestion and data extraction (handles 200+ page documents)
Quote and binder comparison across multiple carriers
Coverage gap identification and discrepancy flagging
Executive summary and proposal generation
Multi-format output (spreadsheets, PDFs, PowerPoint presentations)
Automatic AMS file updates (AMS360, Epic)
Compliance-ready audit trails
Support for all lines of business

Target Users: Insurance brokers and independent agents