Insurance firms generate billions of dollars in revenue each year, but much of their back-office infrastructure is supported by obsolete systems, spreadsheets, and manual operations. Billing and revenue management—critical activities for brokerages and carriers—are frequently left to obsolete corporate software that was never designed for the industry's specific difficulties.
Comulate is a startup that identified an underappreciated but critical problem and went all in. Bond and Workday Ventures recently led a $20 million Series B fundraising round for the startup, which develops technologies to streamline revenue operations for insurers. This recent rise follows an incredible year of growth—Comulate believes it will triple its revenue in 2024, skipping a Series A totally due to s
An Insurance Tech Startup Skipped Series A, Tripled Revenue And Landed Workday As An Investor
- By Anshika Mathews
- Published on
This focus on accuracy is one reason why some large brokerages are turning to Comulate not just for efficiency, but for risk reduction.
