Troutman Pepper Locke represented NewSpring Capital in its $15 million Series B funding round supporting Jones, the vertical software company leading AI innovation in insurance verification.
The investment will support Jones in its mission to help clients make smart decisions about insurance risk so they can boost efficiency and mitigate insurance claims. The company plans to release a suite of AI-powered agents, smart assistants that automate routine tasks, reduce manual workloads, and offer autonomous decision-making. The AI agents are fine-tuned by proprietary data, including insurance logic, risk benchmarks, and millions of verified insurance documents. The company also plans to continue expanding software workflows and deepening ERP integrations.
The team advising NewSpring Capital was led by Chris Miller and Nick Stawasz, and included Jake McDonough and Jack Taylor.