Last updated 2026-08-06
- Raised $12M Series A led by 83North, Sep 2021
- Raised $6M Seed round led by Xceedance, May 2019
- Raised $2M A Round Extension led by Aquiline Technology Growth, Dec 2021
Total raised
$20.0M
Stage
—
Founded
2017
Headcount
—
HQ
Tel Aviv, Israel
Sector
Insurtech
About
Five Sigma is an AI-native claims management technology company that offers a cloud-based platform and Clive™, an AI Claims Adjuster, to streamline claims operations for insurers, MGAs, TPAs, reinsurers, and self-insured entities. The platform provides automated claims processing workflows, data modeling, AI-driven insights, and 360° claim visibility to improve efficiency, reduce costs, and enhance customer satisfaction.
Funding history · 3 rounds · $20.0M total
2021-12
A Round Extension
$2.0M
★ Aquiline Technology Growth
2021-09
A Round
$12.0M
★ 83North★ Aquiline Technology Growth (ATG)XceedanceO.G. TechiGlobe PartnersPipeline CapitalF2 Venture CapitalEyal Ofer's O.G. Tech
2019-05
Seed
$6.0M
★ Xceedance★ Pipeline Capital★ F2 Venture CapitalO.G. TechiGlobe PartnersStartup Nation Central
Q&A
- What is Five Sigma's primary business?
- Five Sigma provides a cloud-native, data-driven Claims Management Solution (CMS) with embedded AI and machine learning capabilities for the insurance industry.
- When was Five Sigma founded?
- Five Sigma was founded in 2017.
- How much funding has Five Sigma raised in total?
- Five Sigma has raised a total of $20,000,000.
- Who are the co-founders of Five Sigma?
- The co-founders of Five Sigma are Oded Barak, Dror Sholomon, Michael Krikheli, and Edan Hanina.
- Which investors participated in Five Sigma's Series A round?
- Five Sigma's Series A round in September 2021 included investments from 83North and Aquiline Technology Growth (ATG).
- What is the current employee count for Five Sigma?
- As of August 2026, Five Sigma has 53 employees.
- What technology does Five Sigma's platform utilize?
- Five Sigma's platform utilizes AI and Machine Learning technologies.
- What types of customers does Five Sigma target?
- Five Sigma targets insurers, MGAs, TPAs, reinsurers, and self-insured entities.
Team · 7
Edan Hanina
Founder · Co-Founder
Gil Nechushtai
Chief Product Officer
Oded Israeli
Chief Marketing Officer
Raymond Charrier
Vice President of Global Business Development and Global Partnerships
Sectors & technology
Primary sector
Insurtech
Technologies
Target customers
Business model
B2BSaaS
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | fivesigma.ai |
|---|
Identifiers & details
| Legal name | Five Sigma |
|---|---|
| Founded | 2017 |
Radar intelligence
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 515610426 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2017-02-12 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2024 |
| Active charges / liens | 0 |
| Registry events | 8 — shares_capital (2), people (2), charge (4) |
| Registered address | דרך בגין 121 תל אביב - יפו |
Recent registry events
| Date | Event |
|---|---|
| 2026-03-22 | הקצאת מניות |
| 2026-01-19 | עדכון דירקטורים-הוספת דירקטור |
| 2026-01-19 | עדכון דירקטורים-הסרת דירקטור |
| 2026-05-18 | רישום שעבוד |
| 2026-05-18 | רישום שעבוד |
| 2026-05-17 | סילוק שעבוד |
| 2026-05-17 | סילוק שעבוד |
| 2025-09-07 | העברת מניות |