PRESS RELEASE
COVU Raises an additional $16 Million to Expand
AI-Native Insurance Platform and Offer Strategic Exit Options to Agency Partners
San Francisco, CA – August, 2025 – COVU, the AI-native operating system for insurance, today announced it has raised $16 million in new capital, including equity and growth financing. This brings the company’s total funding to around $50 million to date, fueling its mission to transform how insurance is delivered, serviced, and experienced through agencies and partners.
The funding will accelerate platform development, expand operational infrastructure, and offer independent agency partners more options: whether they want to scale their operations or step away through a structured, supported transition.
“We’re not here to sell software,” said Ali Safavi, CEO of COVU. “We’re building the infrastructure that powers the future of insurance. Our goal is to help agencies operate with more intelligence, more efficiency, and more care, while preserving the advisor relationship that customers trust.”
A Modern Operating System for Independent Insurance
COVU supports insurance agencies with a full-service platform that combines AI-native technology, licensed support staff, and centralized customer operations. This allows agencies to streamline servicing, boost profitability, and modernize their customer experience without building infrastructure on their own.
The platform includes:
AI-powered customer support and automation.
End-to-end servicing delivered by licensed professionals
Direct carrier access and appetite matching
Compliance, staffing, and operational oversight
Growth and M&A enablement for partners ready to expand or exit
COVU's role is not to replace agencies, but to power them. The company operates behind the scenes, delivering outcomes instead of tools, and protecting the advisor-customer relationship at every step.
Acquisition as a Continuation of Partnership
COVU has completed seven agency acquisitions to date. Each one originated as a servicing partnership. When a partner chooses to exit, COVU offers a seamless, non-disruptive path that ensures continuity for clients, staff, and carrier relationships.
“We believe deeply in the agency model,” Safavi added. “We help our partners grow and evolve, but we also support them when they’re ready for a transition. That flexibility is critical to modernizing this industry with care and respect.”
Accelerating the Future of Insurance Operations
With this capital, COVU will continue to expand its AI-native platform and servicing infrastructure, onboard new carrier partners, and support both organic and M&A-driven growth for agencies across the country.
As the industry faces growing complexity and capacity constraints, COVU provides agencies and carriers with a clear path forward. A modern insurance experience, delivered with technology, trust, and operational excellence.
About COVU
COVU is the AI-native operating system for insurance. Built for independent agencies, the platform provides licensed servicing staff, centralized operations, embedded AI workflows, and access to top carriers. Whether growing, operating, or exiting, agencies trust COVU to simplify insurance, protect their customer relationships, and power their future.
Media Contact:
Sumukh Lohani
press@covu.com
COVU, Inc.
548 Market St, PMB 24487, San Francisco, California 94104
covu.com/press