Axle, an AI-native insurance infrastructure company building a clearinghouse for policy verification and management, raised $17.5 million in Series A funding led by Base10 Partners. Y Combinator and Gradient Ventures continued their investment, with participation from Stage2 Capital, Cover Genius co-founder Chris Bayley and other industry investors. The funding will support engineering and go-to-market hiring and expansion across more insurance segments.
Automating Insurance Workflows
Axle uses infrastructure and AI agents to connect fragmented insurance systems, route requests and standardize unstructured policy data through a single API. The platform automates workflows including coverage verification, policy updates, requirements checks and ongoing monitoring.
Axle currently processes more than $100 billion in coverage annually for over 4,000 businesses, including Rocket Mortgage, Avis, Experian and Sonic Automotive. Automated workflows have increased processing speed by 20x and helped customers recover hundreds of millions of dollars in losses.
"Before Axle, verifying a renter's insurance meant either absorbing the risk or slowing the customer down at the counter. Axle gives us an instant, accurate answer at the moment it matters, and it has helped us recover millions in losses we used to write off each year," said Jordan Bannantine, Head of Risk Management at SIXT.
Expanding the Insurance Clearinghouse
The new capital will help Axle expand across more than 50 segments spanning home, auto, renters, commercial and specialty insurance while strengthening direct relationships with insurance carriers.
"In 2026, no one should be faxing PDFs or sitting on hold to confirm a policy. Few real economy industries are more foundational, or more manual, than insurance. The Axle team built the rails that make insurance programmable, and we believe a generation of products will be built on top of them," said Adeyemi Ajao, Co-founder and Managing Partner at Base10 Partners.