As part of the investment, Comulate will join Workday’s Partner Program, allowing for deeper integration with Workday’s platform to enhance solutions for shared customers. The funding will support product expansion and scaling efforts as the company continues to grow its presence in the insurance sector.

Founded in 2022, Comulate has quickly gained traction, attracting a team of industry veterans from Brex, Asana, Plaid, Applied Intuition, and Coalition. The company’s customer base includes IMA Financial, The Baldwin Group, and Hilb Group, and it reports achieving millions in annual recurring revenue (ARR) in under 18 months.

With this latest funding, Comulate is positioned to further revolutionize financial operations for insurance brokers, streamlining processes and improving revenue intelligence across the industry.San Francisco, February 11, 2025 – 

Speaking about the raise, Jordan Katz, Co-Founder and CEO of Comulate said: “We’re grateful to be joined by world-class partners who share our conviction and accelerate us in bringing new solutions to life. We’re in the early innings of our journey and are excited to build upon our momentum.” 

Jay Simons, General Partner at BOND and former President of Atlassian, also commented, saying: “Comulate has scaled to 8-figure revenues in less than 3 years since founding – an unprecedented pace in the insurance industry. The team is uniquely positioned to broaden its vision and transform an industry still burdened by hundreds of billions of dollars spent on manual operations across the value chain.”