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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 Venture round Total: $71.00M AI, Big Data +2

General Information

Company Name Planck
Founded Year 2016
Location United States New York, United States
Employees 68
Industries AI, Big Data, Data Analytics +1
Funding Stage Venture round
Social

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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.

Business keywords: 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 Undisclosed 1
IAG Firemark Ventures
IAG Firemark Ventures
12 Apr 2023
Venture Round $23.00M 9
Arbor Ventures Vintage Investment Partners 3L Capital
Arbor Ventures, Vintage Investment Partners +7
14 Sep 2022
Venture Round $20.00M -
12 May 2021
Series B $16.00M -
10 Jun 2020
Series A $12.00M -
04 Jul 2018

Planck Alternatives & Competitors

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Planck vs
Convr
Convr United States

Convr AI is a modularized AI underwriting, data, and intelligent document automation workbench.

Series B
62 employees
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Planck vs
Pibit.AI
Pibit.AI United States

The fastest path from submissions to better decisions.

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Planck vs
Gradient AI
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AI underwriting + claims solutions that power a better return on risk for Group Health, Work Comp an...

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Compare Planck vs Gradient AI
Also compare with: Planck vs Groundspeed, now part of Insurance Quantified Groundspeed, now part of Insurance Quantified Planck vs owl.co owl.co View all alternatives

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 AI, Big Data, Data Analytics and Insurtech. Its work centres on Commercial Insurance, Underwriting Automation, Data Platform and Insurtech.
Planck has approximately 68 employees.
Planck has completed 5 funding rounds, raising a total of $71.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Planck include Convr, Pibit.AI, Gradient AI, Groundspeed, now part of Insurance Quantified, Artificial Labs. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Planck and Convr 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.

Source: BounceWatch company record for Planck, https://bouncewatch.com/company/planck, updated 12 June 2025. When citing, please name BounceWatch and link this page.

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