We're thrilled to announce $17.5M in Series A funding led by Base10 Partners, with continued investment from Y Combinator, and Gradient Ventures; and participation from Stage2 Capital, Chris Bayley (Co-Founder and CEO of Cover Genius), and other industry angel investors. They join our existing investors, including the early team at Plaid.Over the last six months, we've tripled the number of workflows we automate. We now clear more than $100B in coverage every year for over 4,000 businesses - mortgage lenders, auto dealers, rental car companies, auto lenders, employers, and more - including dozens of Fortune 500 companies like Rocket Mortgage, Avis, Experian, and Sonic Automotive. Along the way, we've sped those workflows up by 20x and recovered hundreds of millions of dollars in losses for our customers."Before Axle, verifying a renter's insurance meant either absorbing the risk or slowing the customer down at the counter. Axle gives us an instant, accurate answer at the moment it matters, and it has helped us recover millions in losses we used to write off each year." - Jordan Bannantine, Head of Risk Management at SIXTAn $8.3 trillion industry still running on paper and phone callsInsurance is the $8.3 trillion backbone of the economy. You need it to close a mortgage, buy a car, lease an apartment, rent a vehicle, drive for work, move furniture… the list goes on and on. And yet, the businesses that depend on it still run on fax machines and phone calls to verify, update, and monitor policies.For example, a single mortgage can require a lender to engage with insurance more than 10 times over the life of a loan: from calculating DTI, to ensuring proper coverage, selling the loan to Fannie Mae, paying your escrow bill every year, and supporting you if something ever happens.The reason is structural. Unlike banking and credit, insurance has never had a common ledger. A single large carrier can run 15 or more separate policy systems, and much of the data still lives in unstructured documents built for brokers, not software.NoYesFundraising News12 Aug, 2026