Artificial Intelligence | Machine Learning | Machine Perception Planck | AI Data Platform For Commercial Insurance


Enterprise, Commercial Insurance, General Liability, Workers Compensation New York , United States

Planck

Artificial Intelligence | Machine Learning | Machine Perception


Planck | AI Data Platform For Commercial Insurance

Planck

Commercial Insurance, General Liability, Workers Compensation


New York , United States

Planck is the leading commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Planck's technology platform aggregates and mines massive datasets, using the latest advances in artificial intelligence (AI) 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. Planck’s platform brings automation and intelligence to the underwriting process – empowering commercial insurers to focus on underwriting that truly requires human expertise.

Given business name & address – Planck’s proprietary technology returns all relevant underwriting insights created on the spot within seconds. Leveraging our proprietary open web data-mining capability and pulling from thousands of available sources, Planck gathers all the data about a business entity and its operations in real time. To ensure over 90% accuracy at the end of the process, we need to make sure that we rely only on relevant data pieces. That’s why we’ve developed proprietary military-grade entity-matching algorithms to collect all of the relevant data points about a specific business entity from all available sources. Planck scans thousands of resources including industry-specific sources, social networks, review sites, business websites and profiles, public records, governmental databases and more. The goal is to collect as many data points as possible to increase the accuracy of the entire process. Using our proprietary artificial intelligence capabilities, including computer vision, natural language processing, unstructured data analysis and others, Planck interprets millions of data points about a business, turning them into valuable information.

 

B2B

26 to 50

Funded

$71M

Scaling Up

2016

 
 

Property & Casualty Insurance
Insurance
Commercial Real Estate

Improve Loss Ratios
90% Accuracy & Coverage
Automate Renewals

Increase Efficiency

 
 

Analytics
IT and Security
Finance

Yes

Active

 
 

   Machine Learning
   Machine Perception


Insurance Platform

Insurance Platform


Image

Image

Audio

Audio

Text

Text

Structured

Structured

 

   Software


Java

Java

C#

C#

Golang

Golang

Scala

Scala

NodeJS

NodeJS

Python

Python

Shell Scripting

Shell Scripting

SQL

SQL

NoSQL

NoSQL


Machine Learning Algorithm

Machine Learning Algorithm

Deep Learning Algorithm

Deep Learning Algorithm

 
 

Mar 2022

  • Planck Launched Prospect Intelligence Platform

Oct 2021

  • Planck Partnered with Sompo Japan

Jul 2021

  • Planck Data Partnered with Duck Creek Technologies
 
 

View All

Senior Frontend Developer

Tel Aviv, Tel Aviv

Full-Stack Developer

Tel Aviv, Tel Aviv

Frontend Developer

Tel Aviv, Tel Aviv

Account Executive

New York, New York

Sales Development Representative

Tel Aviv, Tel Aviv

 

AI/ML Professionals

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14

2

$21.5M

Company was founded 2016 and it took almost 5 years (May 2021) to raise first external round

 
 

Date

Round

$ Raised

Investors

09/14/2022

Funded

$23M

Vintage Investment Partners, Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI, Nationwide

Date : 09/14/2022

Round: Funded

$ Raised: $23M

Investors: Vintage Investment Partners, Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI, Nationwide

05/12/2021

Funded

$20M

Viola Ventures, Team8 Capital, Greenfield Partners, Eight Road Ventures, Arbor Ventures, 3L Capital

Date : 05/12/2021

Round: Funded

$ Raised: $20M

Investors: Viola Ventures, Team8 Capital, Greenfield Partners, Eight Road Ventures, Arbor Ventures, 3L Capital

 

Investors

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Elad Tsur


Elad Tsur
Co-Founder & CEO

Amir Cohen


Amir Cohen
Co-Founder & CTO

David Schapiro


David Schapiro
Co-Founder

Amir Harel


Amir Harel
CFO

 
 

Potential Customers

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