Jones Raises $15M in Series B Funding to Advance AI Insurance Verification Solutions
Jones is an AI-driven solution that enables clients to optimize operations, reduce administrative overhead, and improve compliance efficiency.
Company Name: Jones
Location: New York City, NY
Industry: AI-Driven Insurance Verification for Real Estate and Construction
Funding Details:
Amount: $15M (Series B)
Investors: NewSpring Capital (Lead), Hetz Ventures, Camber Creek, Khosla Ventures, JLL Spark, DivcoWest Ventures, Rudin Ventures, Ground Up Ventures
Purpose of Investment:
The funds will fuel Jones’ growth and the release of Generative AI Agents leveraging proprietary insurance data.
Leadership:
Founders: Omri Stern, Michael Rudman
Product:
Jones provides AI-driven vertical software for real estate and construction clients to streamline insurance verification. Key features include:
- Accelerated COI Collection: Automating the collection of insurance certificates, endorsements, and policies.
- Precision Compliance Verification: Ensuring accurate and timely compliance checks.
- ERP Integration: Bi-directional connectivity with key enterprise resource planning systems.
About the Company:
Jones has scaled its platform to support 25,039 real estate properties and construction projects across more than 2.5 billion square feet in the U.S. Its AI-driven solutions enable clients to optimize operations, reduce administrative overhead, and improve compliance efficiency.
With its new funding and upcoming Generative AI capabilities, Jones is poised to revolutionize further insurance verification for the real estate and construction industries.
