Backed by $10 million in venture capital, Bind AI automates the entire process from quote to bind so insurance brokers can spend their time with clients
NEW YORK, Oct. 14, 2026 /PRNewswire/ -- Bind AI today announced its public launch as the AI workforce for insurance. The company, which is already live with hundreds of insurance agencies and touching billions of dollars in commercial premium, automates submission intake, quoting, proposals and binding on brokers' behalf. Bind AI has raised $10 million in funding from Bonfire Ventures and other leading VCs to date.
Agents and brokers sell roughly 90% of business insurance in the United States, yet spend only about 10% of their time with clients. The rest is lost to paperwork: rekeying submissions, chasing carriers for quotes, assembling proposals and processing binds. Bind AI does that work autonomously and delivers the outcome from quote to bind, saving agencies hundreds of hours per month.
Instead of being a standalone platform, Bind AI is the only solution in the market that integrates directly with where agents spend the most time: their inbox. Bind AI processes every inbound email and document, recognizes what needs to happen and does it before the agent even has to ask. Instead of requiring agents to change their behavior and learn a new portal, Bind AI simply sends them the completed work for their review.
"Agents and brokers didn't get into insurance to do data entry, but that's where their days go," said Tony Marshi, founder of Bind AI. "We built Bind AI to be the AI teammate that handles the work no one wants to do, so brokers can be in front of clients instead of behind a screen. The hundreds of agencies live on Bind AI today are proof that when you deliver outcomes instead of tools, brokers adopt fast."
In addition to email, Bind AI works directly inside the quoting portals where agents spend the majority of their days. Bind AI has already quoted hundreds of millions in premium across major carriers, helping agents win and retain millions in commercial business.
The $10 million in fundraising has contributed to Bind AI's rapid expansion across agencies and brokerages nationwide, along with the growth of its team in New York. Other investors include Ramp Co-Founder Karim Atiyeh and Draper Associates.
"Building AI-powered, service-as-software solutions to modernize legacy workflows in the insurance vertical is one of today's most exciting opportunities," said Jim Andelman, Bonfire Ventures Co-Founder and Managing Director. "Bind AI has already built impressive momentum and is poised to revolutionize this trillion-dollar market.
Bind AI is available today to insurance agencies and brokers. To learn more or request a demo, visit bind.ai.
About Bind AI
Bind AI is building the AI workforce for insurance, starting with agents and brokers. By integrating natively with agencies' email systems, Bind AI handles submission intake, quoting, proposals, servicing and binding, then delivers the finished work back to the agent. Headquartered in New York, Bind AI is live with hundreds of agencies representing billions in commercial premium and is backed by leading VCs. Learn more at bind.ai.
SOURCE Bind AI
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