Planck is the leading commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business.
Planck's mission is to empower insurance companies with instant and accurate data insights.
Planck was founded in 2016 by Elad Tsur, David Schapiro and Amir Cohen. The company is headquartered in New York and Tel Aviv, Israel.
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. Planck provides insurance-related data analytics for more than 50 major business segments, including restaurants, construction and manufacturing, and insurance lines, like workers compensation and general liability.
Planck is backed by Arbor Ventures, Team8 Capital, Viola FinTech, Eight Roads and others. The company raised $16M in Series B roun on June 10, 2020. This brings Planck's total funding to $28M to date.