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 Apr 30, 2026, the latest employee count at Axle is 33.

Is Axle a funded company?

Axle is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

When was the latest funding round of Axle?

Axle's latest funding was a $***** Seed round on Apr 10, 2023, with participation from 6 investors.

Where does Axle rank among its competitors?

Axle ranks 12th amongst 86 active competitors, of which 27 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Informed, which secured $63M in Dec, 2025.

Who are the top competitors of Axle?

Axle's top competitors include Informed, Verisk and Fairgen. Among them, Informed secured the most recent funding round in December, 2025.

Axle - 2026 Company Profile, Team, Funding & Competitors

Axle is a seed company based in New York City (United States), founded in 2022 by Nihar Parikh and Cameron Duncan. It operates as a Provider of insurance document verification solutions. Axle has raised $4.5M in funding from Y Combinator and Gradient Ventures. The company has 86 active competitors, including 27 funded and 9 that have exited. Its top competitors include companies like Informed, Verisk and Fairgen.

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

Seed

Total Funding

$4.5M in 2 rounds

Latest Funding Round

Seed, Apr 10, 2023, $*****

Investors

Y Combinator & 5 more

Ranked

12^th among 86 active competitors

Employee Count

33 as on Apr 30, 2026

Similar Companies

Informed & 100 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 $4.5M over 2 rounds. Its first funding round was on 2022. Its latest funding round was a Seed round on Apr 10, 2023 for $*****. 6 investors participated in its latest round. Axle has 6 institutional investors.

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
Apr 10, 2023	9860277	Seed	5139764	6496448	6717830	5611521
2022	4034	Seed	7105	7110	Y Combinator	8167

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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 33 employees as of Apr 26. Here is Axle's employee count trend over the years:

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Top competitors of Axle include Informed, Verisk and Fairgen. 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, FIS & 10 others	64/100
2nd	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	60/100
3rd	Fairgen 2021, Tel Aviv Yafo (Israel), Seed	Developer of generative AI for synthetic data in market research	$10.5M	Maverick Ventures, Tal Ventures & 2 others	57/100
4th	AInnovation 2018, Haidian (China), Public	AI-based software for the retail, manufacturing, and insurance sectors	$132M	CICC ALPHA, Chengwei Capital & 12 others	57/100
5th	Hyperexponential 2017, London (United Kingdom), Series B	Developer of a pricing and underwriting platform for property and casualty	$91M	Highland Europe, Battery Ventures & 11 others	57/100
6th	Galytix 2015, London (United Kingdom), Series A	AI-based data analytics and management solutions for financial institutions	$7.45M	JTC Kensington, Six Snow & 3 others	55/100
7th	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 ... & 4 others	55/100
8th	Fenris 2016, Richmond (United States), Seed	Life and non-life data monitoring solutions for the insurance industry	$4.45M	SixThirty, Center for Innovative Technology ... & 12 others	53/100
9th	MacroHealth 2017, Kirkland (United States), Series A	Cloud-based data & monitoring solution for health insurers	$41.3M	Allumia Ventures, NewSpring & 1 others	53/100
10th	Soteris 2018, San Francisco (United States), Series A	AI-based solution for insurance pricing	$8.2M	Y Combinator, Webb Investment Network & 1 others	53/100
12th	Axle 2022, New York City (United States), Seed	Provider of insurance document verification solutions	$4.5M	Y Combinator, Gradient Ventures & 4 others	51/100