COMPANY INFO
The actual company name is Ardent Labs, Inc., founded in 2022 by Michael Mattheakis and Jordan Katz. Comulate has approximately 22-30 employees and is headquartered in San Francisco, California. The company operates in the financial software and insurance software industry with a website at www.comulate.com. Comulate provides a broker revenue automation and intelligence platform that uses AI to automate carrier statement processing, revenue recovery, and forecasting, helping insurance brokers reduce costs and increase revenue through more efficient money movement and management.
Comulate, officially known as Ardent Labs, Inc., was founded in 2022 by Michael Mattheakis and Jordan Katz. Based in San Francisco, California, Comulate operates within the insurance, fintech, SaaS, and software space. The company provides a broker revenue automation and intelligence platform powered by AI—helping insurance brokers automate carrier statement processing, streamline revenue recovery, and improve forecasting capabilities. With an employee count between 22 and 30, Comulate is dedicated to increasing efficiency and reducing costs for insurance brokers.
Comulate funding has been robust since its inception. The company has raised a total of $20 million through a single funding round—its Series B—which has allowed it to scale operations, expand technological capabilities, and foster deep integrations with major platforms like Workday. The Comulate funding rounds demonstrate a strong focus on both enterprise growth and technology innovation, with backing from prominent venture capital firms and strategic investors. The company's approach to funding underlines their strategy to become a core provider for the insurance brokerage sector by automating sticky back-office workflows and reconciling billions in insurance premiums.
The Series B funding round was closed on February 11, 2025, raising $20 million. The capital is earmarked for scaling operations, advancing Comulate's AI-driven financial software platform, and developing further integrations—particularly with Workday. This round featured lead investment from Bond Capital and Workday Ventures, as well as strong follow-on participation from early investors and industry leaders.
Bond Capital is a leading global technology venture capital firm that led Comulate's Series B round. Their participation underscores confidence in Comulate's market positioning and the future of insurtech automation.
Workday Ventures, the investment arm of enterprise SaaS leader Workday, joined as a lead investor in Comulate's Series B round. Their involvement brings strategic value through deep integration opportunities and alignment with Workday's enterprise client base.
Neo is a prominent early-stage venture fund specializing in SaaS and technology startups. They provided early strategic capital and have supported Comulate through its rapid development cycle.
Spark Capital is a top-tier venture capital firm focused on early and growth-stage investments in technology. Their backing reflects belief in Comulate's potential to disrupt insurance and fintech markets.
Jonathan Crystal is an influential angel investor with significant experience in insurance technology. His investment brings valuable industry insight and a powerful network.
Zach Perret is the co-founder and CEO of Plaid, and an active investor in fintech. His involvement with Comulate adds significant operational expertise and credibility.
Qasar Younis, co-founder and CEO of Applied Intuition, is a seasoned entrepreneur and investor, providing both capital and counsel drawn from a strong background in AI and enterprise SaaS scaling.
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