The round was led by NewSpring Capital, a growth equity firm managing $3.5 billion in capital with over 250 platform investments, via its dedicated growth and expansion strategy, NewSpring Growth. The round also saw continued participation from major existing investors, including Hetz Ventures, Camber Creek, Khosla Ventures, JLL Spark, DivcoWest Ventures, Rudin Ventures, and Ground Up Ventures.

Jones is an AI-driven software company helping real estate and construction firms to make smart decisions about insurance risk so they can boost efficiency and mitigate insurance claims. In over 2 billion square feet of real estate and construction projects, Jones helps clients to accelerate and fortify their insurance verification, collection, integration, and decisioning across both commercial or residential asset classes.