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Alternative Assets  + Real Estate  |  January 7, 2025
Jones Raises $15M to “Solve” Insurance Verification for RE, Construction
Joe Palmisano
By: Joe Palmisano

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.

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JonesNewspring Capital

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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