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Planck logo — AI Data Platform for Commercial insurance. Increasing commer...

Planck

AI Data Platform for Commercial insurance. Increasing commercial premiums while reducing loss and expense ratios.

Founded 2016 United States New York, United States 68 employees Series Unknown Total: $71.00M AI, Big Data +2

General Information

Company Name Planck
Founded Year 2016
Location United States New York, United States +2
Employees 68
Industries AI, Big Data, Data Analytics +1
Funding Stage Series Unknown
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About Planck

Planck, a commercial insurance data platform, is revolutionizing the underwriting process with its AI-driven approach. Founded in 2016 and headquartered in the United States, Planck's GenAI-enhanced underwriting workbench leverages cutting-edge technology to aggregate and analyze large datasets, providing insurers with instant and accurate insights tailored to the commercial underwriting process. This results in a streamlined underwriting process, increased visibility into risk factors, and ultimately, improved business conversion and retention rates, as well as lower loss ratios. In April 12, 2023, Planck secured a Venture Round investment from IAG Firemark Ventures, further solidifying its position in the AI, Big Data, Data Analytics, and Insurtech industries. With a focus on automating routine tasks and enabling underwriters to delve deeper into risk insights using generative AI, Planck empowers insurers to concentrate on underwriting activities that demand human expertise.

Taxonomy: Commercial Insurance, Underwriting Automation, Data Platform, Insurtech, Insurance Industry, Risk Insights, Data Aggregation, Loss Ratio Management, Workbench Mining, Generative AI, Business Underwriting

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 1
Investor
12 Apr 2023
Venture Round •••••• 9
Investor Investor Investor Investor Investor Investor Investor
•••• •••• 		14 Sep 2022
Venture Round •••••• - 12 May 2021
Series B •••••• - 10 Jun 2020
Series A •••••• - 04 Jul 2018

Planck Alternatives & Competitors

Planck vs
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Convr
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Planck vs
Groundspeed, now part of Insurance Quantified
Groundspeed, now part of Insurance Quantified United States

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FAQ About Planck

AI Data Platform for Commercial insurance. Increasing commercial premiums while reducing loss and expense ratios.
Planck was founded in 2016.
Planck is headquartered in New York, United States.
Planck operates in the following industries: AI, Big Data, Data Analytics, Insurtech.
Planck has approximately 68 employees.
Planck has completed 5 funding rounds, raising a total of $71.00M. The latest funding stage is Series Unknown.
Top alternatives and competitors to Planck include Continuity, Convr, Groundspeed, now part of Insurance Quantified, Send, Gradient AI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Planck and Continuity are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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