Axle, an Atlanta, GA-based provider of an API for insurance data, raised $4M in Seed funding.
The round was led by Gradient Ventures with participation from Y Combinator, Soma Capital, Contrary Capital, Rebel Fund, and BLH Ventures.
The company intends to use the funds to scale its platform, service demand, and address new use cases as they build the Plaid for Insurance.
Co-founded by Armaan Sikand, Nihar Parikh, and Cameron Duncan, Axle is Plaid for insurance, an API for insurance data. With it, companies can verify insurance and monitor ongoing coverage, helping them reduce operational cost while creating frictionless experiences for users.
