InRev
InRev is a Richmond, VA-based surety underwriter that uses AI and a proprietary Agent Portal to deliver seconds-fast automated underwriting for contract and commercial surety bonds. It serves 100+ insurance agencies nationwide via delegated authority from AM Best A- rated carrier partners.
- Company typePrivate
- Founded2022
- HeadquartersRichmond, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What InRev does
InRev, LLC is a Richmond, Virginia-based surety underwriting firm that operates an API- and AI-enabled platform purpose-built for contract and commercial surety bonds. The company combines automated front-line underwriting (decisions in seconds for straightforward submissions) with human underwriter review for complex risks, and is licensed in all 50 US states plus DC with delegated authority from three AM Best A- rated carrier partners (Coaction plus two undisclosed carriers). Distribution is anchored by 100+ independent insurance agency partners, including national brokers HUB International, USI, Brown & Brown, IMA, and Seubert, and the platform supports bonds up to $10M single/$10M aggregate limits.
The technology stack is proprietary and vertically focused on the surety workflow: an Agent Portal (app.getinrev.com) handles front-line underwriting, electronic GIA signing, bond form population, electronic issuance, and auto-generated prequal letters. Layered onto the core portal are AI features including Document Intelligence (a Document Classifier plus Financial Extraction module that processes full balance sheets and income statements), a Financials Tab with trend analysis and key credit metrics, a Global Search module, and a partial submission system that continuously re-underwrites as new information arrives. Cumulative platform scale includes 5,000+ bonds written and $2B+ in penal sum written. The company was founded in 2022 by Jack Genet (CEO) with co-founder Adam Duff, and the 14-person team includes dedicated ML, data science, and underwriting leadership.
Revenue is generated via delegated authority underwriting: InRev prices and binds surety bonds using carrier capacity and retains the premium spread between gross written premium and claims/reserves. Pricing is quote-based and per-bond rather than subscription tiered, with no public pricing schedule. The company is privately held and raised a $3.75M round in January 2025 from a syndicate including Accelerant, Greenlight Reinsurance, 101 Weston Labs, Grant Park Ventures, Mastodon Capital, and Scrappy Capital.
InRev firmographics
Firmographics- Name
- InRev
- Legal name
- InRev, LLC
- Website
- https://getinrev.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- InRev is a Richmond, VA-based surety underwriter that uses AI and a proprietary Agent Portal to deliver seconds-fast automated underwriting for contract and commercial surety bonds. It serves 100+ insurance agencies nationwide via delegated authority from AM Best A- rated carrier partners.
- Ownership category
- akta.pro rank
InRev industry classification
Industry- Product category
- Surety Underwriting
- NAICS
- Insurance Agencies and Brokerages (52421), Insurance Carriers and Related Activities (524)
- SIC
- Surety Insurance (6351), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Contract Surety Bonds (FSAJAIAA)
- akta.pro secondary industry
- Surety & Bond Brokerage (FSAEADAI)
Keywords
Where InRev is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Markets served
InRev business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Surety Underwriting Services: InRev provides surety underwriting for contract and commercial surety bonds. They operate with delegated authority from carrier partners, earning premiums on bonds written. Revenue is generated through the spread between premiums collected and claims/reserves.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based pricing for surety underwriting services |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels1 record
InRev product offering
Product offeringCore offering
InRev underwrites contract and commercial surety bonds through a proprietary, AI-powered Agent Portal that performs automated front-line underwriting in seconds and supports human underwriter analysis for complex risks. Operating under delegated authority from AM Best A- rated carrier partners with $10M Single and $10M Aggregate limits, the company serves 100+ insurance agency partners across all 50 U.S. states plus DC, with 5,000+ bonds written and $2B+ in penal sum written to date. Revenue is generated from the spread between premiums collected on bonds written and claims/reserves.
Product overview
InRev offers a unified surety underwriting platform that combines a core Underwriting Platform with an Agent Portal for automated processing and account management. The platform integrates Document Intelligence for AI-powered document processing, Global Search for platform-wide navigation, and a Financials Tab for credit analysis. Together, these components provide a streamlined workflow from submission through issuance, powered by technology purpose-built for surety account business with both automated decisioning and human underwriter support for complex risks.
Differentiator
Problem solved
Functional benefit
Products and services
- Surety Underwriting Services (Contract and Commercial Surety) Contract and Commercial Surety bond underwriting for insurance agents and their contractor and business clients nationwide, with $10M Single / $10M Aggregate limits, under delegated authority from AM Best A- rated carrier partners. Combines automated front-line underwriting (decisions in seconds) with human underwriter analysis for complex risks, covering character, capacity, capital, and bond risk evaluation. Available in all 50 U.S. states plus DC.
- Agent Portal (Underwriting Platform) Self-serve web-based platform (app.getinrev.com) used by insurance agents to perform front-line automated underwriting, submit bond requests, track approvals, electronically sign GIAs, populate bond forms with electronic issuance, auto-generate prequal letters, and manage complete account pictures with automated alerts, bonding line breakdowns, and real-time underwriting updates. Powered by InRev's proprietary technology that combines automated decisioning with human underwriter review.
Quantifiable outcome
- Over 90% of financial questions eliminated during submission through Document Intelligence
- +1 more outcomes
Companies that use InRev
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles1 record
InRev technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature7 records
InRev partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
InRev competitors and assessment
Company assessmentBroad incumbents
- Chubb: Global surety provider serving large commercial and contract accounts. Sets the competitive ceiling on InRev's $10M single/aggregate limit and represents an acquisition or partnership candidate.
- The Hartford: Large surety writer with significant small-commercial contractor franchise and broad agent distribution. Comparable to InRev on contract and commercial surety appetite and target customer segment.
- Travelers: One of the largest US surety writers with nationwide capacity and deep agent relationships. Represents the dominant incumbent InRev is competing against and the most likely counterparty in delegated authority conversations.
- Liberty Mutual Insurance: Major US surety carrier offering contract and commercial surety through independent agents. A key incumbent InRev must integrate with (or compete against) given its scale and existing agency partnerships.
Direct peers
- SuretyBonds.com: Direct-to-consumer and agent-facing online surety bond platform offering quick underwriting and issuance across commercial and contract surety. Competes with InRev for digital surety distribution, though historically more retail/transactional than agent-embedded.
- JDi Data Corporation: Provider of surety-specific agency management and bond production software used by agencies and surety carriers. Competes with InRev on the agency workflow side of surety underwriting, though historically focused on management systems rather than AI-driven decisioning.
- BondPro (Online Bond Solutions): Surety bond processing platform that streamlines underwriting and bond issuance for agents and carriers. Closely comparable to InRev's Agent Portal in targeting the friction points of traditional surety workflows.
Emerging players
- Vouch Insurance: Modern digital commercial insurance platform serving startups and growth companies with embedded underwriting. Comparable as a tech-first commercial insurance underwriter, though Vouch focuses more on liability/E&O than surety.
- Procore Technologies: Construction management platform increasingly integrating bonding workflows, prequalification, and risk data. Comparable as a digital workflow layer for contractors that touches surety, though Procore's bonding functionality is adjacent rather than direct underwriting.
- Next Insurance: Digital commercial insurer offering bindable quotes for small contractors and businesses online. Comparable as a tech-driven carrier targeting the same agent and contractor base InRev serves, with overlapping appetite in commercial lines.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
InRev social profiles
Digital presenceInRev financial estimates
Financial estimateRevenue estimate
Valuation estimate
InRev leadership team
Management profileNumber of profiles
Profiles7 records
InRev funding detail
Funding detailFunding overview
Funding rounds1 record
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InRev 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 InRev
What does InRev do?
InRev underwrites contract and commercial surety bonds through a proprietary, AI-powered Agent Portal that performs automated front-line underwriting in seconds and supports human underwriter analysis for complex risks. Operating under delegated authority from AM Best A- rated carrier partners with $10M Single and $10M Aggregate limits, the company serves 100+ insurance agency partners across all 50 U.S. states plus DC, with 5,000+ bonds written and $2B+ in penal sum written to date. Revenue is generated from the spread between premiums collected on bonds written and claims/reserves.
Is InRev a public or private company?
InRev is a private company. It is classified as venture growth investor backed and is currently operating.
When was InRev founded?
InRev was founded in 2022. It employs 1 to 10 people.
Where is InRev based?
InRev is headquartered in Richmond, United States, in the North America region.
How does InRev make money?
One revenue line is on record: surety Underwriting Services.
Who are InRev's main competitors?
Broad incumbents on record are Chubb, The Hartford, Travelers and Liberty Mutual Insurance. Direct peers are SuretyBonds.com, JDi Data Corporation and BondPro (Online Bond Solutions). Emerging players are Vouch Insurance, Procore Technologies and Next Insurance.
Does InRev have an API?
No public API is recorded for InRev.
What industry is InRev in?
InRev's product category is Surety Underwriting. Its primary akta.pro industry code is FSAJAIAA, Contract Surety Bonds, with a secondary code of FSAEADAI, Surety & Bond Brokerage. Its NAICS code is 52421 and its SIC code is 6351.