Planck — Finder

About

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.

Classification

Sector

Fintech & InsurtechInsurtech

Core Technology

Platforms & InterfacesWebArtificial IntelligenceDeep LearningNatural Language Processing

Target Customer

Financial ServicesFinancial ProductsInsuranceEnterprise & Professional ServicesEnterprises

Business Model

B2B

Tags

gamificationartificial-intelligenceunderwritingnatural-language-processinginsurance-companiesenterprise-solutionsmachine-learningautomationbig-datadata-mininginsurtechfintechdeep-learning

Funding & Events

Sep 2022

B Round $23M

Vintage Investment Partners (Lead), Viola Fintech, HDI Group, Nationwide, Harbor Pacific Capital, 3L, Team8, Greenfield Partners

May 2021

B Round $20M

3L (Lead), Arbor Ventures, Viola Fintech, Eight Roads Ventures, Team8, Greenfield Partners

Jun 2020

B Round $16M

Team8 (Lead), Viola Fintech, Arbor Ventures, Eight Roads Ventures

Jul 2024

Exit $350M

Jul 2018

A Round $12M

Eight Roads Ventures, Viola Fintech, Arbor Ventures

News (11)

Jul 23, 2024 ·

en.globes.co.il

growth-positive

Applied Systems buys Israeli AI insurtech co Planck

Acquisition

Sep 18, 2023 ·

www.businesswire.com

Planck Launches the First GenAI-Enhanced Underwriting Workbench

Sep 15, 2022 ·

www.globenewswire.com

growth-positive

Planck Raises $71M to Date to Expand its First-to-Market Cognitive Business Analytics Platform

Investment

Sep 13, 2021 ·

www.calcalistech.com

growth-positive

Israel's Planck partners with Japanese insurance company Sompo

Partners

May 11, 2021 ·

nocamels.com

growth-positive

Israel's Planck Raises $20M For Its AI-Based Data Platform

InvestmentExpand

Jun 10, 2020 ·

techcrunch.com

growth-positive

Insurance data analytics platform Planck raises $16 million Series B

InvestmentPartners

May 15, 2019 ·

www.coverager.com

growth-positive

Republic Indemnity Integrates Planck Technology to Gain Real-Time Data Insights in its Workers' Compensation Insurance Operations

PartnersCustomers

Mar 7, 2019 ·

www.prnewswire.com

growth-positive

Berkshire Hathaway GUARD Insurance Companies Partners With Planck, an Artificial Intelligence Powered Data Platform, to Create Full Digital Underwriting for Their Commercial Lines

Partners

Dec 6, 2018 ·