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
Software
Mar 2022
- Planck Launched Prospect Intelligence Platform
Oct 2021
- Planck Partnered with Sompo Japan
Jul 2021
- Planck Data Partnered with Duck Creek Technologies
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
14
2
$21.5M
Company was founded 2016 and it took almost 5 years (May 2021) to raise first external round
Investors
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