Jones, an AI software company focused on real estate and construction, has raised $15 million in a Series B funding round led by NewSpring Capital. This investment will help Jones expand its innovative AI-driven solutions for verifying insurance compliance, which is essential for reducing risks in these industries. The company aims to release new GenAI Agents that automate routine verification tasks, improving efficiency and accuracy in managing insurance documents. With over 25,000 properties and projects already using its services, Jones is positioned to tackle rising insurance costs and enhance the decision-making process for its clients. The funding marks a significant step for Jones in transforming the insurance verification process through advanced technology.
Jones, a pioneering AI software company, has recently announced a successful Series B funding round, raising $15 million to enhance its insurance verification solutions for the real estate and construction sectors. Led by NewSpring Capital, this investment aims to propel Jones’ mission of automating and improving the tedious task of verifying insurance compliance.
The funding round included participation from notable investors such as Hetz Ventures and Khosla Ventures, showcasing confidence in Jones’ innovative approach to streamline insurance verification processes. Founded by Omri Stern and Michael Rudman, Jones already serves over 25,000 properties and construction projects, covering more than 2.5 billion square feet across the United States.
Central to this next phase of growth is the launch of GenAI Agents, which use proprietary insurance data to automate routine tasks and make autonomous decisions. These AI-powered agents not only reduce manual workloads but also help clients mitigate risks associated with insurance claims. As regulatory demands grow, the need for smarter, more efficient insurance solutions has never been more pressing.
Marc Lederman, a General Partner at NewSpring, emphasized the urgent need for automation in the insurance verification field, stating that this area is ripe for disruption due to its traditionally manual and error-prone nature. With the influx of this funding, Jones plans to tackle rising insurance costs and offer solutions that can flag potential issues in insurance policies.
This latest investment positions Jones as a leader in AI-driven software for the construction and real estate industries, ready to help clients navigate the complexities of insurance verification with confidence. As the company looks to the future, it remains committed to fostering efficiency and reducing legal risks through its innovative technologies.
For more details about Jones and its services, visit www.getjones.com, and follow their journey as they reshape the insurance verification landscape.
Tags: Insurance Verification, AI Software, Real Estate, Construction, Series B Funding, Jones, NewSpring Capital, Automation, Insurance Compliance.
Frequently Asked Questions about Jones’ Series B Funding
What does Jones do with insurance verification?
Jones uses advanced AI agents to make insurance verification easier for real estate and construction businesses. Their technology helps ensure that all necessary insurance documents are checked and verified quickly and accurately.
Why did Jones raise $15 million?
Jones raised $15 million in a Series B funding round to expand its technology and improve its service. This funding will help them enhance their AI capabilities and reach more customers in the real estate and construction industries.
How will this funding impact customers?
With the new funding, Jones plans to improve its tools and resources for customers. This means faster and more reliable insurance verification, which can help real estate and construction companies save time and reduce risks.
What are vertical AI agents?
Vertical AI agents are specialized artificial intelligence tools designed to work in specific industries, like real estate and construction. These agents understand the unique needs of these sectors, making the insurance verification process more tailored and efficient.
When can we expect to see changes from this funding?
Jones is already working on enhancing its technology and services. Customers can expect to see updates and improvements in the coming months as the company implements new features to streamline insurance verification processes.