
Jones Raises $15M to “Solve” Insurance Verification for RE, Construction
Jones, an AI-driven vertical software company for the real estate and construction industry, closed its $15 million Series B funding round led by NewSpring Capital through its growth and expansion strategy, NewSpring Growth. The round also saw continued participation from Hetz Ventures, Camber Creek, and Khosla Ventures, among others.
Jones, founded by Omri Stern and Michael Rudman, helps real estate and construction clients to accelerate the collection of insurance certificates (COIs), endorsements and policies, verify compliance, and integrate bi-directionally with key ERP systems. The company has scaled to 25,039 real estate properties and construction projects across more than 2.5 billion square feet in the U.S.
The company plans to release a suite of AI-powered Agents, smart assistants that automate routine tasks, reduce manual workloads, and offer autonomous decision-making.
“The insurance markets have been reeling from economic pressures and are one of the biggest challenges facing real estate and construction, whether it’s from headwinds in origination or the lack of digitization,” said Stern, CEO of Jones.
