Comulate, a San Francisco-based startup, raised $20 million in a Series B funding round led by BOND and Workday Ventures. The company, founded in 2022, offers an accounting automation and revenue intelligence platform for insurance brokers. As part of the investment, Comulate joins Workday’s Partner Program to enhance integration for shared customers. The startup has achieved 8-figure revenues in under three years and serves clients like IMA Financial and Hilb Group.

Comulate, a startup enhancing insurance companies' billing and revenue operations, raised $20M in a Series B round led by Bond and Workday. The funding follows a year of rapid growth, with revenues tripling to tens of millions. Initially focused on SaaS, founders Jordan Katz and Michael Mattheakis pivoted to insurance, addressing outdated processes with machine learning and AI. Comulate's clients include Baldwin Group and IMA Financial, saving them 260,000 work hours.