New York, United States
Coherent is an enterprise platform that aims to automate, scale, and govern complex Excel estates in the insurance and financial services industry. Founded in 2018 and headquartered in the United States, the company has recently secured a $75.00M Series B investment on 27 April 2022. The investment was led by Cathay Innovation, GreatPoint Ventures, Franklin Templeton, Maverick Capital, and Owl Rock Capital.
Coherent offers solutions tailored to different sectors, including property and casualty, life & annuities, and banking and capital markets. In property and casualty, the platform empowers IT teams to increase capacity, paving the way for innovation and growth. In Life & Annuities, it facilitates product development and deployment, reducing friction between IT and business. Moreover, in banking and capital markets, Coherent equips executives with insight to move from static, subjective control assessments to proactive monitoring and data-driven risk measurements. This enables them to prototype digitization solutions rapidly, reducing Excel migration friction and accelerating automation initiatives.
The recent investment in Coherent reflects a strong investor interest in the platform's potential to disrupt the Excel automation and governance space within the insurance and financial services industry.
