The company plans to launch smart assistants, enhance software workflows and deepen enterprise resource planning (ERP) system integrations. Credit: ra2 studio/Shutterstock.

AI-driven insurtech company Jones has raised $15m in its Series B financing round, led by NewSpring Capital. 

Existing investors including Camber Creek, DivcoWest Ventures, Ground Up Ventures, Hetz Ventures, JLL Spark, Khosla Ventures and Rudin Ventures also contributed to the round. 

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Set up in 2017 and founded by Omri Stern and Michael Rudman, Jones seeks to ease the insurance verification process for clients in the real estate and construction sectors.  

The company expanded across 25,039 properties and construction projects, covering more than 2.5 billion square feet in the US. 

The latest infusion will support the development of Jones’s AI-powered agents.  

Jones plans to launch smart assistants to automate routine tasks and enable autonomous decision-making by leveraging insurance logic, risk benchmarks and verified insurance documents.  

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Furthermore, Jones aims to enhance software workflows and deepen ERP system integrations. 

The recently introduced Insurance Policy Verification tool will assists clients in identifying exclusionary language in insurance policies, reducing third-party insurance claims that traditional certificate of insurance processes fail to address. 

This funding follows a product integration with CMiC, key product enhancements and added marquee enterprise clients.  

Jones CEO Omri Stern stated: “We are excited to be part of a cohort of maturing growth-stage AI and data companies that are partnering with the insurance industry to help clients make smarter decisions about insurance risk.” 

General Partner NewSpring Capital general partner Marc Lederman stated: “As compliance becomes more complex and regulatory demands rise, Jones has ample room for continued expansion and represents exactly the type of growth-oriented business we seek for investment.”