Five Sigma
AI Insurance Claim Management Platform
StartupFive Sigma is a Tel Aviv-Yafo-based startup in the Fintech & Insurtech sector, established in 2017. AI Insurance Claim Management Platform. The company has raised a total of $24M across 3 funding rounds, currently at the A stage. Five Sigma was founded by Oded Barak, Dror Sholomon, Michael Krikheli, Edan Hanina. Key investors include Aquiline Technology Growth , 83North, Pipeline Capital Partners, among 7 total investors. The company has 11-50 employees. Core technologies: Platforms & Interfaces, Web, Artificial Intelligence.
With $24M in total funding, Five Sigma is a A-stage company operating in Fintech & Insurtech. The company follows a B2B/B2B2C/B2C business model. Product stage: Released.
- StageA
- ProductReleased
- ModelB2B, B2B2C, B2C
- Employees11-50
- HQTel Aviv-Yafo
- Last Round$2M
- Aquiline Technology Growth
- 83NorthLead
- Pipeline Capital Partners
7 investors total
Oded BarakCo-founder & CEO
Dror SholomonCO-FOUNDER & CHIEF ARCHITECT
Michael KrikheliCo-founder & CTO
Edan HaninaCo-founder (No longer with the company)
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What does Five Sigma do?
Five Sigma is a cloud-native, data-driven claims management solution (CMS) with embedded AI/machine-learning capabilities to allow simple and smart claims processing for the insurance industry. Five Sigma simplifies claims management by adding automated claims processing workflows, using data modeling and AI to provide smart recommendations, improve adjusters' decision-making processes, and reduce errors. Leading insurance carriers, insurance technology companies, third-party administrators, and self-insured companies use Five Sigma's CMS to modernize their claims operations, reduce claims leakage, enhance compliance, and improve their customers' experience.
How much funding has Five Sigma raised?
Five Sigma has raised $24M in total funding across 3 rounds. The company is currently at the A stage. Key investors include Aquiline Technology Growth , 83North, Pipeline Capital Partners.
Who founded Five Sigma?
Five Sigma was founded in 2017 by Oded Barak (Co-founder & CEO), Dror Sholomon (CO-FOUNDER & CHIEF ARCHITECT), Michael Krikheli (Co-founder & CTO), Edan Hanina (Co-founder (No longer with the company)).
What sector is Five Sigma in?
Five Sigma operates in Fintech & Insurtech, Insurtech, with core technologies in Platforms & Interfaces, Web, Artificial Intelligence. Target customers: Financial Services, Financial Products, Insurance.
Where is Five Sigma located?
Five Sigma is based in building floor 12, HaArba'a St 28, Tel Aviv-Yafo, Israel.