When was Axle founded?

Axle was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Axle located?

Axle is headquartered in New York City, United States.

Who is the current CEO of Axle?

Cameron Duncan of Axle. They have also founded 1 company.

How many employees does Axle have?

As of Sep 30, 2026, the latest employee count at Axle is 44.

Is Axle a funded company?

Axle is a funded company, having raised a total of $22M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

How much is Axle worth?

The latest valuation of Axle is $***** as of Jan 01, 2022.

When was the latest funding round of Axle?

Axle's latest funding was a $***** Series A round on May 28, 2026, with participation from 4 investors. Its primary sector is Insurance IT. In United States, the Insurance IT sector has seen $1.09B in funding in 2026 to date.

Where does Axle rank among its competitors?

Axle ranks 2nd amongst 114 active competitors, of which 24 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Axle, which secured $17.5M in May, 2026.

Who are the top competitors of Axle?

Axle's top competitors include Informed, Galytix and Verisk. Among them, Axle secured the most recent funding round in May, 2026.

Axle - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of insurance document verification solutions. It offers an API-enabled platform that automates the verification process enabling users to make better business decisions. It allows consumers to view the policy type and allows them to connect their insurance accounts.

Key Metrics

Founded Year

2022

Location

New York City, United States

Stage

Series A

Total Funding

$22M in 3 rounds

Latest Funding Round

Series A, May 28, 2026, $*****

Post Money Valuation

$***** as on Jan 01, 2022

Investors

Y Combinator & 8 more

Ranked

2^nd among 114 active competitors

Employee Count

44 as on Sep 30, 2026

Similar Companies

Informed & 128 more

View Axle's full profile

Axle is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Axle Labs, Inc CIN: 320690201 , United States, Active	Dec 31, 2021	-	8 (As on Dec 31, 2024)	-

Axle has raised a total funding of $22M over 3 rounds. Its first funding round was on 2022. Its latest funding round was a Series A round on May 28, 2026 for $*****. 4 investors participated in its latest round. Axle has 8 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Axle:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 28, 2026	5279620	Series A	7537921	2058095	3103605	2721533
Apr 10, 2023	4535101	Seed	3029959	1278295	7914094	Soma Capital & 3 more
2022	7638	Seed	7226	1258	Y Combinator	7005

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View details of Axle's funding rounds and investors

The founders of Axle are Nihar Parikh and Cameron Duncan. Cameron Duncan is the CEO of Axle.

Here are the details of Axle's key team members:

Nihar Parikh: Co-Founder of Axle.
Contact Info: 1 email address
Cameron Duncan: Co-Founder & CEO of Axle.

View details of Axle's Founder profiles and Board Members

Axle's employee count trend

Axle has 44 employees as of Sep 26. Here is Axle's employee count trend over the years:

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Top competitors of Axle include Informed, Galytix and Verisk. Here is the list of Top 10 competitors of Axle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Informed 2016, San Francisco (United States), Series B	Developer of an aggregation API solutions for banking	$83M	USVP, Nyca Partners & 10 others	64/100
2nd	Axle 2022, New York City (United States), Series A	Provider of insurance document verification solutions	$22M	Gradient Ventures, BLH Venture Partners & 7 others	61/100
3rd	Galytix 2015, London (United Kingdom), Acquired	AI-based data analytics and management solutions for financial institutions	$7.45M	Six Snow, JTC Kensington & 3 others	60/100
4th	Verisk 1971, Jersey City (United States), Public	Provider of risk assessment, analytics, and data solutions for insurance	-	OnRamp Insurance Conference, Vaughan Nelson Investment Management ... & 3 others	59/100
5th	Carpe Data 2016, Santa Barbara (United States), Series B	Provider of AI-powered online data solutions for insurance decisioning	$8.04M	Aquiline Capital Partners, Thomas H Lee Partners ... & 6 others	52/100
6th	Fenris 2016, Richmond (United States), Seed	Life and non-life data monitoring solutions for the insurance industry	$4.45M	Center for Innovative Technology, VIPC & 12 others	50/100
7th	Sensentia 2011, San Francisco (United States), Seed	Provider of an AI voice-based automated inquiry system for healthcare benefits	$161K	Healthy Ventures, Rock Health & 2 others	47/100
8th	CogniSure 2019, Naperville (United States), Funding Raised	Cognitive AI platform for the insurance industry	-	InsurTech NY, BrokerTech Ventures	49/100
9th	Confianza 2010, Albuquerque (United States), Seed	AI-based database and data analytics solutions for the insurance industry	$6.16M	Sandbox Industries	49/100
10th	Koos Intelligence 2017, Montreal (Canada), Series A	Provider of AI-based database solutions for insurance services	$6.5M	Canada Economic Development, Export Development Canada ... & 2 others	47/100