Planck
AI-based Data Platform for Commercial Insurance
StartupPlanck is a Tel Aviv-Yafo-based startup in the Fintech & Insurtech sector, established in 2015. AI-based Data Platform for Commercial Insurance. The company has raised a total of $71M across 4 funding rounds, currently at the Acquired stage. Planck was founded by Elad Tsur, Amir Cohen, David Schapiro. Key investors include Vintage Investment Partners, Viola Fintech, HDI Group, among 10 total investors. The company has 51-200 employees. Core technologies: Platforms & Interfaces, Web, Artificial Intelligence, Deep Learning, Natural Language Processing.
With $71M in total funding, Planck is a Acquired-stage company operating in Fintech & Insurtech. The company follows a B2B business model. Product stage: Released.
- StageAcquired
- ProductReleased
- ModelB2B
- Employees51-200
- HQTel Aviv-Yafo
- DistrictCenter District
- Last Round$23M
- Vintage Investment PartnersLead
- Viola Fintech
- HDI Group
10 investors total
Elad TsurCo-founder & CEO
Amir CohenCo-founder & CTO
David SchapiroCo-founder (No longer with the company)
11 articles covered by sources including en.globes.co.il,
www.businesswire.com,
www.globenewswire.com,
www.calcalistech.com,
nocamels.com.
What does Planck do?
Planck is a commercial insurance data platform that enables insurers to instantly and accurately underwrite any business. The companys technology platform aggregates and mines massive data sets, using artificial intelligence to automatically generate and deliver key insights customized to the commercial underwriting process. The end result is a frictionless underwriting process with greater insurer visibility into risk factors, leading to improved new business conversion and retention rates and lower loss ratios.
How much funding has Planck raised?
Planck has raised $71M in total funding across 4 rounds. The company is currently at the Acquired stage. Key investors include Vintage Investment Partners, Viola Fintech, HDI Group.
Who founded Planck?
Planck was founded in 2015 by Elad Tsur (Co-founder & CEO), Amir Cohen (Co-founder & CTO), David Schapiro (Co-founder (No longer with the company)).
What sector is Planck in?
Planck operates in Fintech & Insurtech, Insurtech, with core technologies in Platforms & Interfaces, Web, Artificial Intelligence, Deep Learning, Natural Language Processing. Target customers: Financial Services, Financial Products, Insurance, Enterprise & Professional Services, Enterprises.
Where is Planck located?
Planck is based in Arania Osvaldo St 29, Tel Aviv-Yafo, Israel, Center District. The company also has offices abroad.