Planck
formerly Planck REAcquiredRevolutionizing commercial insurance underwriting with GenAI
Planck was founded in 2016, is headquartered in New York, United States, lists 51–200 employees, and has $71.0M in recorded funding across 5 rounds.
- Headquarters
- New York, New York
- Employees
- 51–200
- Founded
- 2016
- Business Model
- B2B
- Website
- planckdata.com
- Total Funding
- $71.0M
- Last Round
- $23.0M Venture RoundMay 2022
- Rounds
- 5
- Acquired by
- Applied SystemsMay 2023
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 5 funding rounds and 8 investors for this company. The full record is or through the API.
About
Planck is an AI-based data platform purpose-built for commercial insurance underwriting. Founded in 2016 and headquartered in New York with R&D in Tel Aviv, Planck empowers underwriters with superhuman research and insight generation capabilities to build a true and complete picture of business risk. The platform uses generative AI (Planck PLUS) to automate all phases of underwriting — from data collection and business classification to decisioning — enabling insurers to increase written premiums while reducing loss and expense ratios. Planck works with top U.S. carriers focused on SMB commercial insurance segments including general liability, workers compensation, and commercial property. In July 2024, Planck was acquired by Applied Systems.
Summary
Planck is an Artificial Intelligence company based in New York, United States, founded in 2016. It lists 51–200 employees. It has raised $71.0M in total across 5 rounds, most recently a $23.0M Venture Round in May 2022. Investors include Team8, Arbor Ventures and Applied Systems.
Tech & App Stack
5 technologies & apps tracked
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Funding & Exit History
May 2023
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Funding: Seed through Venture Round. Amounts, valuations, and investors where available.
Investors
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