Jones, a New York and Israel-based startup that offers an AI-driven insurance risk management system for real estate and construction, has raised $15 million in Series B funding.

Investors 

The round was led by NewSpring Capital, with continued support from existing investors such as Hetz Ventures, Khosla Ventures, and JLL Spark, bringing Jones's total raised to $40 million.

NewSpring Capital is a growth equity firm managing $3.5 billion in capital with over 250 platform investments, through the firm’s dedicated growth and expansion strategy, NewSpring Growth. 

Jones Use of Funds 

The company will use the funds to scale its platform in the U.S. 

About Jones 

Founded in 2017 by Omri Stern and Michael Rudman, Jones is an AI-driven vertical software company that helps real estate and construction clients accelerate the collection of insurance certificates (COIs), endorsements, and policies, verify compliance with precision, and integrate bi-directionally with key ERP systems. Its clients include companies such as WeWork, JP Morgan, and JLL Spark, as well as landmark buildings like Rockefeller Center, the Empire State Building, the Transamerica Building, Grand Central Station, and Chelsea Market in New York.

Funding Details 

Company: Jones 

Raised: $15.0M 

Round: Series B 

Funding Month: January 2025 

Lead Investor: NewSpring Capital 

Additional Investors: Hetz Ventures, Khosla Ventures, JLL Spark 

Company Website: https://getjones.com/  

Software Category: AI Insurance Risk Management 

Source: https://www.calcalistech.com/ctechnews/article/sjift5kuye