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About Comulate
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
11-50
Company Stage
Series B
Total Funding
$24M
Headquarters
San Francisco, California
Founded
2022
Overview
Company Does Not Provide H1B Sponsorship
Comulate automates back-office accounting and revenue intelligence for insurance brokers using AI to process carrier statements (PDFs and spreadsheets) and automate reconciliation, identify missing commission payments, track variances, and improve forecasting. It works by integrating with major agency management systems, CRMs, and ERPs, posting reconciled transactions to the broker’s general ledger and improving data quality. It differentiates itself by combining automated financial workflows with revenue analytics tailored to insurance brokers, and it has strong market traction with notable customers and an expanding integration roadmap (including Workday). Its goal is to modernize and optimize insurance back-office operations, reduce manual data handling, and provide accurate revenue forecasting and reconciliation across the broker ecosystem.
Simplify's Take
What believers are saying
- Workday partnership enables deeper integrations targeting mutual customers in insurance brokerage.
- Hundreds of billions in addressable market from manual insurance operations globally.
- Real-time automated forecasting and variance detection unlock missing commission recovery opportunities.
What critics are saying
- Workday embeds core automation capabilities into platform, eliminating Comulate's differentiation.
- AMS vendors restrict API access, cutting primary distribution channel for broker integrations.
- Top 3 clients represent 40%+ ARR; single loss triggers investor confidence collapse.
What makes Comulate unique
- 90%+ manual work reduction via end-to-end direct bill automation from PDFs, spreadsheets, email.
- Revenue Intelligence feature automates forecasting, variance detection, policy-level commission recovery.
- Achieved eight-figure ARR in under three years, serving 50+ Top 100 insurance brokers.
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Funding
Total Funding
$24M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Parental Leave
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 3%2 year growth
↑ 0%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.
Comulate is Hiring for 9 Jobs on Simplify!
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About Comulate
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
11-50
Company Stage
Series B
Total Funding
$24M
Headquarters
San Francisco, California
Founded
2022
Comulate is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today