Comulate Raises $20M in Series B Funding to Accelerate Growth and Scale Operations

Comulate Raises $20M in Series B Funding to Accelerate Growth and Scale Operations

Comulate, a leading InsurTech company focused on accounting automation and revenue intelligence for insurance brokers, has successfully raised $20 million in a Series B funding round. This funding was spearheaded by BOND and Workday Ventures, marking a significant milestone for the company.

Strategic Partnership with Workday

With this new investment, Comulate will join Workday’s Partner Program, enabling a deeper integration with Workday’s platform. As reported by InsurTech Insights, this collaboration aims to enhance financial solutions for their mutual clients.

Expansion Plans Following Funding

The fresh capital will facilitate Comulate’s plans to:

  • Expand its product offerings.
  • Scale operations to strengthen its market presence.
  • Continue innovation in the insurance sector.

About Comulate

Founded in 2022, Comulate has quickly carved out a niche in the InsurTech space, attracting a talented team from renowned companies like Brex, Asana, Plaid, Applied Intuition, and Coalition. The firm has earned a strong reputation by delivering automated accounting and revenue intelligence tools specifically designed for insurance brokers.

Impressive Growth and Clientele

In just 18 months, Comulate has reported millions in annual recurring revenue (ARR) and has partnered with notable firms such as:

  • IMA Financial
  • The Baldwin Group
  • Hilb Group

Leadership Insights

Comulate’s co-founder and CEO, Jordan Katz, expressed gratitude for the new partnerships, stating, “We’re grateful to be joined by world-class partners who share our vision and help us bring new solutions to life. We’re just getting started and are thrilled to build upon our momentum.”

Jay Simons, a general partner at BOND and former president of Atlassian, commented on Comulate’s rapid growth, saying, “Comulate has scaled to 8-figure revenues in less than 3 years since founding – an unprecedented pace in the insurance industry. The team is uniquely positioned to broaden its vision and transform an industry still burdened by manual operations.”

READ ALSO  Unlocking GPT-4.5: The AI Powerhouse That Outshines Others in Securing Funding

For more information on Comulate and their innovative solutions, visit their official website at Comulate.

Similar Posts

Revolutionizing Life Insurance: SBLI Teams Up with Swiss Re for Cutting-Edge Underwriting Solutions

Revolutionizing Life Insurance: SBLI Teams Up with Swiss Re for Cutting-Edge Underwriting Solutions

Bysupport

SBLI, the Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting through a partnership with Swiss Re, launching the Underwriting Ease digital platform. This innovative tool aims to enhance risk assessment and decision-making by streamlining workflows and integrating with existing systems. Key features include efficient risk data summarization, accelerated decision-making, and improved risk management. Swiss Re’s platform optimizes manual underwriting by up to 50% and enhances accuracy. SBLI’s leadership expresses enthusiasm for the collaboration, emphasizing the platform’s ability to provide actionable insights and improve overall underwriting efficiency in a competitive market.

ETFbook Raises €4M in Series A Funding to Enhance ETF Analytics Platform and Drive Growth

ETFbook Raises €4M in Series A Funding to Enhance ETF Analytics Platform and Drive Growth

Bysupport

ETFbook, a Zurich-based data and analytics firm, has raised €4 million in a Series A funding round led by BlackFin Capital Partners. Founded in 2020, ETFbook has built a robust platform offering extensive data and analytics, serving over 35 institutional clients. The new funding will be used to expand the team, focusing on product development, data science, and marketing, as well as to enhance data analytics capabilities and product offerings. CEO Pawel Janus expressed optimism about the investment, which aims to prepare ETFbook for a strategic entry into the US ETF market later this year.

iPipeline Unveils Enhanced SSG Digital Platform with Cutting-Edge Pension Product Features

iPipeline Unveils Enhanced SSG Digital Platform with Cutting-Edge Pension Product Features

Bysupport

iPipeline has launched significant updates to its SSG Digital® platform, enhancing digital solutions for the UK life insurance and pensions sectors. Key upgrades include support for multiple contribution types, integration with the SEPA payment system for easier cross-border transactions, and the launch of innovative products like Royal London Ireland’s Personal Retirement Savings Account. iPipeline aims to streamline processes for providers and advisers, improving the customer experience. Royal London Ireland, a leader in the Irish pensions market, praised the platform’s user-friendliness. These enhancements underscore iPipeline’s commitment to innovation in financial services. For more information, visit their official website.

Andesite Secures $23M Funding to Launch AI-Driven Bionic Security Operations Center

Andesite Secures $23M Funding to Launch AI-Driven Bionic Security Operations Center

Bysupport

Andesite AI has launched its bionic Security Operations Center (SOC) following a successful $23 million funding round, bringing total investments to $38.25 million. The bionic SOC aims to enhance collaboration between human analysts and AI by shifting from reactive alert triage to proactive threat hunting. It connects diverse data sources and security tools, providing analysts with comprehensive insights to streamline operations and reduce response times. Key features include context-aware AI, evidentiary AI for transparency, adaptive automation, and secure AI architecture. This innovative approach addresses the growing challenges in cybersecurity, positioning Andesite as a leader in the field.

Yavrio, the Trailblazing Open Banking Innovator, Raises $2.4 Million in Seed Funding

Yavrio, the Trailblazing Open Banking Innovator, Raises $2.4 Million in Seed Funding

Bysupport

Yavrio, an innovative FinTech company specializing in open banking solutions, has raised $2.4 million in a seed funding round led by Fuel Ventures, with notable investors like Sir Sajid Javid. Yavrio’s platform connects enterprise resource planning (ERP) systems directly to banks, enhancing transaction speed, security, and financial operations by eliminating manual CSV uploads. The funding will be used to improve infrastructure and expand into the U.S. market. Yavrio has integrated with over 10,000 banks and serves clients such as Yellow Group and Dermalogica. CEO John Lewis emphasizes the aim to automate bank reconciliations, transforming finance teams’ workflows.

Biden Administration Rejects Tesla's $100 Million Funding Request for Big Rig Charging Infrastructure - Again!

EV Startup Shines with $100M Funding Boost Amid Tesla’s Mixed Federal Funding Saga

Bysupport

In this edition of TechCrunch Mobility, we highlight key developments from CES 2025, with a focus on advancements in autonomous vehicle technology. Notable news includes the closure of Hindenburg Research, known for uncovering corporate fraud in the transportation sector. Recent funding news features eBay’s acquisition of Caramel and Harbinger’s $100 million Series B funding. Legal challenges arise as Aurora Innovation contests federal regulations affecting self-driving trucks, while the U.S. bans connected vehicle imports from China and Russia. Additionally, Tesla faces mixed results in federal funding, and the Volkswagen ID. Buzz Pro S Plus impresses during test drives, despite concerns about its range.