Axle Labs, Inc.
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Axle Labs, Inc. - overview
Established
2022
Location
Atlanta, GA, US
Primary Industry
Software
About
Based in Georgia, US, and founded in 2022 by Cameron Duncan, and Nihar Parikh, Axle Labs, Inc. , a. k. a.
Axle is an insurance technology company that develops a platform for consumer-permission insurance data, enabling businesses to instantly verify insurance and monitor ongoing coverage. In October 2022, Axle Labs, Inc. raised USD 4. 06 million in venture funding, and in April 2023, Axle Labs, Inc.
raised USD 4 million in seed funding led by Gradient Ventures, with participation from BLH Ventures, Contrary, Rebel Fund, and Soma Capital. The company provides a consumer-permission insurance data platform that helps businesses to connect to consumers’ insurance data for verifying insurance and monitoring ongoing coverage, helping them reduce operational risk while creating a good experience for their users. Businesses can sign in to the platform via their application, review privacy information, connect accounts, and access connected insurance data via API or natively within the firm’s dashboard. Axle Labs, Inc.
plans to use the April 2023 funding to hire more employees, bolster its carrier network, and expand into new markets.
Current Investors
Y Combinator, BLH Ventures, Gradient Ventures
Primary Industry
Software
Sub Industries
Insurance Intermediaries, Application Integration Software
Website
www.axle.insure
Verticals
Cloud Computing, InsureTech
Company Stage
Angel & Seed
Total Amount Raised
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