# Comulate

> Comulate builds AI-powered accounting automation and revenue-intelligence software for large insurance brokers. Its platform handles the industry's most manual, error-prone back-office work - direct billing, cash application, carrier payables and revenue integrity - by extracting data from disparate sources, reconciling it against policy systems, and flagging discrepancies. Founded in 2022 by former Asana and Brex operators Jordan Katz and Michael Mattheakis, the San Francisco company scaled to eight-figure revenue in under three years and raised a $20M Series B led by BOND and Workday Ventures in February 2025.

- **Founded:** 2022
- **Headquarters:** San Francisco, United States
- **Founders:** Jordan Katz (Co-Founder & CEO), Michael Mattheakis (Co-Founder & CTO)
- **Team size:** ~27-30 employees
- **Products:** Cash Application, Direct Billing, Carrier Payables, Revenue Integrity
- **Notable:** Scaled to eight-figure revenue in under three years - described as an unprecedented pace for insurance software, Tripled revenue year-over-year and skipped a Series A, going from seed straight to Series B, Enabled customers to reclaim over 350,000 hours of manual work in twelve months

## Products & services

- **Cash Application** — AI automatically matches incoming payments to the correct policies and invoices, clearing the manual reconciliation backlog brokers face daily.
- **Direct Billing** — Automates reconciliation of carrier direct-bill statements against expected commissions and policy data.
- **Carrier Payables** — Tracks and reconciles what brokers owe carriers, flagging variances before they become disputes.
- **Revenue Integrity** — Identifies discrepancies, commission leakage and errors across the accounting lifecycle and generates variance reports so brokers capture revenue they would otherwise lose.

## Achievements

- Scaled to eight-figure revenue in under three years - described as an unprecedented pace for insurance software
- Tripled revenue year-over-year and skipped a Series A, going from seed straight to Series B
- Enabled customers to reclaim over 350,000 hours of manual work in twelve months
- Won trust of some of the largest US brokers including IMA, The Baldwin Group and Hilb Group
- Raised $20M Series B led by BOND and Workday Ventures in February 2025

## Latest updates

- **2026-01** — Featured in Forbes for taking on incumbent Applied Systems, reporting a ~30-person team and $10M+ annualized revenue.
- **2025-02** — Raised $20M Series B led by BOND and Workday Ventures; joined the Workday Partner Program.

## Links

- Website: https://comulate.com
- LinkedIn: http://www.linkedin.com/company/comulatehq

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Profile page: https://yespress.io/comulate
Published by YesPress — https://yespress.io
Last updated: 2026-07-12