The New York company teaching AI agents to do the one job in real estate nobody wants: chasing insurance certificates - and getting it right.
Before a contractor sets foot on a job site or a tenant signs a lease, someone has to answer a small, unglamorous question: is everyone actually insured? For decades the answer arrived the same way - a certificate of insurance emailed as a PDF, checked by hand against a list of requirements, filed in a folder, and forgotten until an audit or a claim proved it wrong. Jones, founded in New York in 2017 by Omri Stern and Michael Rudman, was built on the bet that this quiet, century-old workflow was hiding a real software company.
The wager has aged well. Jones now manages insurance risk across roughly 2.7 billion square feet of properties and construction projects, spanning more than 36,000 buildings and job sites. It does the work through what the company calls vertical AI agents - software that collects Certificates of Insurance, endorsements and full policies, reads them against a client's requirements, spots the gaps, and emails the vendor or tenant to fix them, all without a human writing the follow-up.
The distinction matters. Jones did not build a general assistant that dabbles in insurance; it built a narrow system that goes deep on one domain. That focus is the company's clearest advantage over both legacy compliance vendors and the spreadsheet-and-broker routine it replaces.
"COI and insurance policy verification is highly manual and error-prone, ripe for disruption."Marc Lederman, General Partner, NewSpring Capital
The problem. Verifying insurance is slow, manual and easy to get wrong. A property manager requests a certificate, waits, follows up, spots a coverage gap, follows up again, and repeats the loop across hundreds or thousands of vendors and tenants. A single missed exclusion in a policy can leave an owner exposed on a claim. Jones's clients cite getting to compliance up to three times faster once the loop is automated.
Who uses it. Commercial real estate owners, operators and property managers, plus construction general contractors - specifically the risk, compliance, operations and accounts-payable teams responsible for keeping large vendor and subcontractor populations in line.
Automated gathering of certificates, endorsements and policies from vendors, tenants and subcontractors.
Coverage checked against custom requirements - including the exclusionary language humans routinely miss.
Agents email vendors about gaps, request updates and resolve discrepancies without manual chasing.
A shared pool of 30,000+ verified vendor insurance profiles with documents, contacts and broker emails.
Bi-directional links to Yardi, MRI, Procore, Sage, CMiC and Viewpoint Vista.
Real-time status, audit-ready records and reporting across entire portfolios.
Jones tends to describe its footprint not in customer counts but in area covered - a habit that says a lot about how it thinks. The figures below trace its reported square-footage footprint across recent milestones.
Square feet of property & construction covered by Jones (company-reported figures). Bars scaled for illustration.
Vertical, on purpose. Plenty of tools promise generic document automation. Jones instead specializes in a single industry's paperwork and learns its edge cases - the exclusion buried in a policy, the endorsement that changes a coverage limit, the broker who never replies. That specialization is hard to copy quickly.
Data that compounds. The Jones Network turns each verified vendor into a shared asset: once a subcontractor's insurance is on file, the next client verifying that vendor starts ahead. Compliance gets faster as the network grows.
Where the work lives. Bi-directional ERP integrations push compliance status into Yardi, MRI, Procore and Sage, so teams do not have to leave the systems they already run their portfolios in.
The alternatives. Buyers typically weigh Jones against legacy COI trackers such as bcs, TrustLayer, Evident and myCOI - or against doing it in-house with spreadsheets and brokers. Jones's pitch is that AI agents close the loop instead of just tracking it.
"Jones has become the clear category leader, with 36,000+ projects powered by AI agents that set the industry standard for speed and accuracy."Omri Stern, Co-Founder
In January 2025, Jones closed a $15M Series B led by NewSpring Capital, bringing total reported funding to roughly $38.4M. The plan: build the suite of AI agents that now defines the product, and deepen the ERP integrations that make it stick.
Led by NewSpring Capital to build vertical AI agents for insurance verification.
Cumulative funding across rounds since 2017.
Omri Stern and Michael Rudman start Jones in New York to fix insurance compliance for real estate.
COI collection, verification, tracking and reporting mature into a full platform for property teams.
Bi-directional links to systems like Yardi, MRI, Procore and Sage connect compliance to core workflows.
A shared B2B network of verified vendor insurance profiles goes live to speed verification industry-wide.
NewSpring Capital leads a round to build vertical AI agents for insurance verification.
Paul Szemerenyi becomes CEO on Jan 14; Co-Founder Omri Stern moves to an active role on the Board of Directors.
"The company's combination of technical innovation, market leadership, and customer trust creates an extraordinary foundation."Paul Szemerenyi, CEO (appointed January 2026)
The model. Jones is B2B SaaS. It sells subscriptions to real estate owners, operators, property managers and general contractors, typically priced to portfolio scale - properties, projects and vendor volume - with add-ons for AI agents, network access and ERP integrations. Third-party estimates put annual revenue near $18.6M.
The team. Roughly 200-231 employees across four global locations, spanning the US and Israel, combine insurance and risk domain knowledge with software and applied-AI engineering.
The market. Jones sits at the intersection of proptech and insurtech - the compliance and trust layer beneath commercial real estate and construction. As insurance markets face economic pressure, the case for making faster, better-documented decisions about risk only grows.
The bet. That verification should be continuous and automatic, not a fire drill before an audit. If Jones is right, the certificate of insurance finally starts moving at the speed of software.
Jones is a vertical AI platform that automates insurance compliance for commercial real estate and construction - collecting Certificates of Insurance, verifying coverage, chasing gaps with vendors, and keeping records audit-ready.
Jones was founded in 2017 by Omri Stern and Michael Rudman, and is headquartered in New York.
Jones raised a $15M Series B in January 2025 led by NewSpring Capital, with total reported funding around $38.4M from investors including Khosla Ventures, JLL Spark and Camber Creek.
Commercial real estate owners, operators, property managers and construction general contractors - specifically their risk, compliance, operations and vendor-management teams - across roughly 36,000+ properties and projects.
Paul Szemerenyi became CEO in January 2026; co-founder Omri Stern moved to an active role on the Board of Directors.