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1Fort
Artificial Intelligence
1Fort is a New York-based insurtech startup that uses AI to automate commercial insurance quoting, binding, and risk management for brokers.
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Founded in 2021-2022 in New York City by Anthony Marshi (CEO), Toby Hung, and technical co-founders, 1Fort builds an AI-powered platform aimed at independent insurance brokerages that sell specialty commercial lines such as cyber, tech errors & omissions, directors & officers, employment practices liability, and fiduciary liability coverage. The company's pitch is that commercial insurance brokers are bogged down by decades-old manual workflows built around emails, PDFs, and spreadsheets, leaving a large share of small and mid-sized businesses underinsured. 1Fort's software autofills insurance applications, pulls instant quotes from multiple carriers, compares coverage terms, and integrates payment and financing options According to company-reported data, brokers using the platform may save up to two hours per submission and have experienced higher bind rates. The platform is licensed across all 50 U.S. states and integrates with carriers including Arch, The Hartford, and Markel, serving brokerages that in turn serve construction, healthcare, financial services, retail, and other middle-market industries. 1Fort raised a $7.5 million seed round in April 2025 led by Bonfire Ventures, with participation from Draper Associates, Ramp co-founder Karim Atiyeh, and existing backers including Village Global and Company Ventures, bringing its total funding to roughly $10 million. The company has framed its long-term ambition as becoming an operating system for commercial insurance, where obtaining coverage becomes a largely automated, few-click process handled behind the scenes by AI rather than a manual, paperwork-heavy ordeal for brokers and their small-business clients.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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