Planck
Founded Year
2015Stage
Unattributed VC | AliveTotal Raised
$71MAbout Planck
Planck operates as an automated artificial intelligence (AI)-based data platform for commercial insurance. Its solutions include submissions validation, underwriting recommendations, audit recommendations, exposure monitoring, and more. It was founded in 2015 and is based in New York, New York.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
ESPs containing Planck
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The underwriting platforms market streamlines and automates the underwriting process, enabling insurance companies to evaluate risks, determine premiums, and make informed policy decisions. These platforms utilize advanced analytics, machine learning, and data integration capabilities to assess risk factors and generate real-time insights. Underwriting platforms also enhance collaboration and comm…
Planck named as Highflier among 15 other companies, including Duck Creek Technologies, Majesco, and Virtusa.
Planck's Products & Differentiators
Planck AI Platform
With just a business name and address, Planck’s artificial intelligence data platform creates all relevant underwriting insights in real time, with over 90% accuracy and coverage.
Research containing Planck
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Planck in 3 CB Insights research briefs, most recently on Aug 7, 2023.
Expert Collections containing Planck
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Planck is included in 3 Expert Collections, including Insurtech.
Insurtech
4,311 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
10,948 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Fintech
8,086 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Planck News
Sep 22, 2023
Planck launches first GenAI-enhanced underwriting workbench Planck, global insurtech platform for commercial insurance, has launched the first generative artificial intelligence (GenAI) enhanced underwriting workbench known as Planck PLUS. Planck PLUS is both a strategic toolkit and a trusted co-pilot that leverages the latest AI technologies and proprietary machine learning models to set a new standard in underwriting risk research, insight generation, data attribution transparency, and automation. The new underwriting co-pilot generates complete queries based on basic underwriter inputs and even suggests new questions to ask based on models trained specifically in commercial insurance. These strategic prompts, Planck explains, along with a comprehensive digital footprint of a business, focus the full potential of GenAI toward a carrier’s specific underwriting goals. Moreover, the closed data ecosystem eliminates data privacy concerns and dramatically reduces errors, which are both common issues with other generative platforms. Planck Co-Founder and CEO Elad Tsur, commented: “Planck PLUS is reshaping how underwriters access, analyse, and interpret risk data. GenAI has shown its ability to revolutionise every industry it touches. “With Planck PLUS, this transformative power is harnessed in a single, comprehensive, easy-to-use workbench built specifically for commercial insurance. Planck PLUS helps underwriters navigate vast amounts of data, uncover opportunities, and enable automations to increase written premiums and improve underwriting profitability.” Share this:
Planck Frequently Asked Questions (FAQ)
When was Planck founded?
Planck was founded in 2015.
Where is Planck's headquarters?
Planck's headquarters is located at 477 Madison Avenue, New York.
What is Planck's latest funding round?
Planck's latest funding round is Unattributed VC.
How much did Planck raise?
Planck raised a total of $71M.
Who are the investors of Planck?
Investors of Planck include Firemark Ventures, Eight Roads Ventures, Arbor Ventures, Viola Ventures, Team8 Capital and 9 more.
Who are Planck's competitors?
Competitors of Planck include Urbanico, Groundspeed, Wenalyze, Carpe Data, NeuralMetrics and 11 more.
What products does Planck offer?
Planck's products include Planck AI Platform.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Planck to Competitors
Carpe Data provides next-generation predictive scoring and data products to P&C and life insurance companies. Leveraging the social web, online content, wearables, connected devices, and other forms of next-generation data Carpe Data's products enables insurers to more accurately predict risks and innovate with new products to meet changing customer habits. Carpe Data was founded in 2016 and is based in Santa Barbara, California.
Cytora provides artificial intelligence (AI) powered solutions for the commercial insurance industry. The company enables underwriting for commercial insurance via the underwriting platform which allows insurers to underwrite more efficiently and deliver fairer prices to their customers. It was founded in 2014 and is based in London, United Kingdom.
Convr is an artificial intelligence underwriting platform. The company's platform uses data science to eliminate paperwork, provide a holistic view of risks by analyzing a broad array of internal and external data sources, and score and prioritize commercial risks. It was founded in 2015 and is based in Schaumburg, Illinois.
Unqork operates as a no-code, software-as-a-service (SaaS) platform to build, integrate, and manage software with zero tech debt. Its patent-pending technology includes advanced calculations, decisions, user interface (UI) design, and workflow for risk assessment and digitization layered on top of legacy information technology (IT) systems. It was founded in 2017 and is based in New York, New York.
Kalepa delivers decision-support software to commercial insurance underwriters. Kalepa's AI-powered Copilot enables underwriters to focus their time on the highest ROI opportunities and rapidly evaluate, select, and price risk. By analyzing billions of points of structured and unstructured data, Kalepa's Copilot augments underwriters with insights and recommendations on every risk.
NeuralMetrics analyzes unstructured data from public data sources using natural language processing (NLP) technology. The company develops a real-time, alternative data engine that delivers classification, underwriting, and intelligent prospecting. The company serves commercial lines property and casualty (P&C) insurance companies, banking, and financial services firms. NeuralMetrics was founded in 2018 and is based in Denver, Colorado.
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