myCOI
myCOI, operating through its illumend AI platform, provides AI-native certificate of insurance tracking and third-party insurance compliance automation for construction, real estate, transportation, government, and other enterprises.
- Company typePrivate
- Founded2009
- HeadquartersIndianapolis, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What myCOI does
myCOI (legal entity MY COI, LLC) is a privately held, Indianapolis-based software company founded in 2009 that provides certificate of insurance (COI) compliance and third-party risk tracking for organizations that manage vendor, contractor, tenant, and franchisee insurance. The company serves verticals including construction, commercial real estate, retail and franchise, utilities, government, manufacturing, transportation, and insurance brokers through named enterprise customers such as Priority, Sleiman, Torani, OneRail, NDC, Windfree, and Andrews. Platform scale cited includes 45M+ insurance documents reviewed, 1.2M+ agreements managed, and 750K+ third-party partners processed across its operating history.
The core product is illumend, an AI-native insurance compliance platform launched in May 2025, powered by Lumie — a conversational AI engine trained on 16 years of the company's domain data. Lumie automates the entire compliance workflow: reaching out to partners with contract requirements, reading and evaluating every line of incoming COIs and endorsements against coverage terms, making pass/fail compliance decisions, and proactively managing renewals. The platform supports computer-vision-based PDF extraction, NLP-driven plain-language interaction, real-time compliance scoring, anomaly detection for coverage gaps, and open-API integration with project management and ERP systems including Procore, with planned integrations for Origami Risk, Sage, CMiC, Viewpoint, and Salesforce. The platform was co-developed with Left Field Labs.
Revenue is generated primarily through SaaS subscriptions priced per vendor/COI annually, with software-only tiers at $4-$10/COI and full-service managed compliance tiers at $10-$30/COI. Additional revenue flows through an Insurance Broker Referral Partner Program launched March 2026, which routes broker-served clients into the platform via referral arrangements. The company operates a hybrid product-led growth (PLG) and direct-sales GTM, offering self-service partner onboarding through one-click invite links alongside enterprise demo-driven sales to compliance, CFO, and CTO buyers. Funding since founding totals approximately $7.3M, led by a $5M debt facility from SaaS Capital in 2021 alongside early-stage equity from IrishAngels and VITALIZE Venture Capital in 2018.
myCOI firmographics
Firmographics- Name
- myCOI
- Legal name
- MY COI, LLC
- Website
- https://mycoitracking.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- myCOI, operating through its illumend AI platform, provides AI-native certificate of insurance tracking and third-party insurance compliance automation for construction, real estate, transportation, government, and other enterprises.
- Ownership category
- akta.pro rank
Where myCOI is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
myCOI business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription Platform: Cloud-based subscription platform for COI tracking and compliance management. Pricing is typically per vendor/COI annually with tiered service levels. Full-service managed options available at higher price points ($10-$30/yr per COI) alongside self-service software-only options ($4-$10/yr per COI).
- Insurance Broker Referral Partner Program: Revenue share or referral arrangements with insurance brokers who direct clients to the platform, generating recurring subscription revenue from broker-referred customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Software-only SaaS tier with self-service platform access |
| Subscription | Annual | Full-service managed compliance with human support |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
myCOI product offering
Product offeringCore offering
myCOI sells an AI-native insurance compliance SaaS platform (illumend, powered by the Lumie AI engine) that automates the collection, review, and ongoing monitoring of Certificates of Insurance (COIs) for third-party vendors, contractors, tenants, and carriers. The platform reads every line of incoming COIs and endorsements, checks coverage against contractual or lease requirements, flags gaps, makes compliance decisions, and keeps renewals running automatically. Customers span construction, commercial real estate, retail, utilities, government, manufacturing, transportation, and insurance brokerage.
Product overview
myCOI offers a unified platform combining its legacy COI tracking software with illumend, an AI-native insurance compliance platform. The core offering is illumend, powered by Lumie—an AI engine trained on 16 years of myCOI compliance expertise. Lumie runs the entire workflow: reaching out to partners with requirements, reviewing COIs and endorsements against contract terms, making compliance decisions, and automating renewals. The platform supports multiple industries (construction, commercial real estate, retail, utilities, government, manufacturing, transportation) and integrates with tools like Procore via open API. myCOI's original COI tracking software remains available as a legacy service for existing customers.
Differentiator
Problem solved
Functional benefit
Brands
- illumend: AI-native insurance compliance platform powered by Lumie, designed to automate COI tracking, verification, and third-party risk management for organizations across construction, commercial real estate, retail, utilities, government, manufacturing, and transportation industries.
- Lumie
Products and services
- illumend AI-native insurance compliance platform that automates certificate of insurance (COI) tracking, verification, and ongoing monitoring for businesses across construction, commercial real estate, retail, utilities, government, manufacturing, and transportation. Reviews incoming COIs and endorsements against contract or lease requirements, flags coverage gaps, makes compliance decisions, and automates renewals.
- illumend API Open API for illumend that lets enterprises connect insurance compliance data to project management systems, ERPs, accounting tools, and CRMs with bidirectional sync, enabling custom integrations beyond pre-built connections.
- myCOI Legacy COI Tracking Service Original certificate of insurance tracking software service offered by myCOI since 2009, designed to help businesses protect operations and strengthen partnerships through third-party insurance compliance; now retained as a legacy offering alongside the AI-native illumend platform.
Quantifiable outcome
- 87% reduction in admin time vs. manual COI processes
- +5 more outcomes
Companies that use myCOI
Customer profileNamed customers7 records
Segments8 records
Ideal customer profiles4 records
myCOI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability8 records
Feature5 records
myCOI partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and flagship.
- Insurance Broker Referral Partner ProgramcoreInsurance broker referral partner program provides brokers with AI tools to enhance client risk management and streamline insurance renewals. Brokers gain AI-powered compliance management, real-time alerts, and collaborative features for their clients.
- ProcoreflagshipProcore integration embeds automated compliance checks into the construction management workflow. Projects, vendors, and commitments created in Procore sync instantly into illumend. Compliance reviews update Procore automatically, and missing or expired COIs trigger alerts in Procore before stalling a job.
- Left Field LabscoreLeft Field Labs developed the illumend platform in partnership with myCOI, combining 16 years of compliance expertise with modern AI development to create the AI-native insurance compliance platform launched in May 2025.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
myCOI competitors and assessment
Company assessmentDirect peers
- Goby: Goby offers AI-driven certificate of insurance tracking and vendor compliance for commercial real estate and property management - the most direct functional overlap with illumend's COI review, monitoring, and renewal workflows.
- Origami Risk: Risk management platform with COI/insurance compliance features overlapping illumend's vendor-compliance workflow; named as an upcoming integration partner in myCOI's roadmap.
Broad incumbents
- Riskonnect: Enterprise risk management and insurance compliance suite that competes broadly with illumend's vendor-compliance and policy-tracking capabilities, scaled to larger enterprise risk functions.
- Vertafore: Large insurance-technology platform serving carriers, agencies, and MGAs with compliance, workflow, and connectivity products that overlap with illumend's COI/certificate management scope.
- Applied Systems: Insurance agency and broker management software whose workflows touch COI intake and certificate handling - adjacent to myCOI's broker referral partner strategy and overall insurance automation theme.
Others
- Procore: Construction management platform that integrates illumend for COI compliance within project workflows - represents an embedded distribution/system-of-record relationship rather than head-to-head competition.
- Viewpoint (Trimble): Construction ERP whose planned illumend integration connects insurance compliance to project cost controls - a neighboring system-of-record and integration partner rather than a direct competitor.
- CMiC: Construction ERP for financial and compliance workflows; an upcoming illumend integration partner positioning it as a neighboring system rather than a direct competitor in COI review.
Emerging players
- Wisedocs: AI-driven document review for insurance claims and adjacent insurance workflows - applies similar AI/NLP techniques to COI review and is an emerging adjacent competitor in insurance document automation.
- Surefyre: Cloud insurance platform with embedded COI and compliance automation features aimed at carriers and MGAs - an emerging player with overlapping workflow automation themes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
myCOI social profiles
Digital presencemyCOI financial estimates
Financial estimateRevenue estimate
Valuation estimate
myCOI leadership team
Management profileNumber of profiles
Profiles1 record
myCOI subsidiaries and ownership
Company hierarchySubsidiaries1 record
myCOI funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
myCOI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about myCOI
What does myCOI do?
myCOI sells an AI-native insurance compliance SaaS platform (illumend, powered by the Lumie AI engine) that automates the collection, review, and ongoing monitoring of Certificates of Insurance (COIs) for third-party vendors, contractors, tenants, and carriers. The platform reads every line of incoming COIs and endorsements, checks coverage against contractual or lease requirements, flags gaps, makes compliance decisions, and keeps renewals running automatically. Customers span construction, commercial real estate, retail, utilities, government, manufacturing, transportation, and insurance brokerage.
Is myCOI a public or private company?
myCOI is a private company. It is classified as venture growth investor backed and is currently operating.
When was myCOI founded?
myCOI was founded in 2009. It employs 51 to 100 people.
Where is myCOI based?
myCOI is headquartered in Indianapolis, United States, in the North America region.
How does myCOI make money?
Two revenue lines are on record. SaaS Subscription Platform is the primary driver. The others are insurance Broker Referral Partner Program.
Who are myCOI's main competitors?
Direct peers on record are Goby and Origami Risk. Broad incumbents are Riskonnect, Vertafore and Applied Systems. Others are Procore, Viewpoint (Trimble) and CMiC. Emerging players are Wisedocs and Surefyre.
Does myCOI have an API?
Yes. illumend offers an open API that enables connection to the tools companies rely on most, allowing compliance to flow through workflows automatically. The API provides flexibility to fit into different company environments, enabling custom integrations beyond pre-built connections.