San Francisco-based Fulcrum closed a $25 million Seed and Series A round led by CRV, with participation from South Park Commons and Foundation Capital.
Led by CEO Arjun Mangla, Fulcrum deploys AI agents to bridge legacy insurance systems with modern workflows. The platform automates policy checking and proposal generation by integrating directly into existing brokerage tools rather than requiring a rip-and-replace strategy.
This “middle-layer” automation mirrors trends in embedded contracts and mission specific apps. By cutting policy delivery from 15 days to same-day, Fulcrum replaces manual back-office labor in the $1 trillion brokerage market.
Market Signal
- Legacy Orchestration Alpha: Fulcrum operates inside existing systems, removing operational friction without process redesign. This allows top-tier brokerages to achieve sub-second data reconciliation across fragmented policies.
- BPO Disruption: Automating 2,500+ daily hours validates AI agents as a superior, scalable alternative to offshore business process outsourcing for complex insurance documentation.
- The Legacy Inertia Risk: Despite Fulcrum’s 24-hour delivery, the primary bottleneck remains the glacial procurement cycles and “rip-and-replace” fears within conservative Tier-1 brokerages. Scaling beyond early adopters will require overcoming deep-seated institutional resistance to third-party AI orchestration.
Key Details
- Funding: $25M Seed/Series A
- Lead Investor: CRV
- CEO: Arjun Mangla
- Use Case: AI agents for insurance back-office and legacy system integration
