About
Five Sigma is a cloud-native, data-driven claims management solution (CMS) with embedded AI/machine-learning capabilities to allow simple and smart claims processing for the insurance industry. Five Sigma simplifies claims management by adding automated claims processing workflows, using data modeling and AI to provide smart recommendations, improve adjusters' decision-making processes, and reduce errors. Leading insurance carriers, insurance technology companies, third-party administrators, and self-insured companies use Five Sigma's CMS to modernize their claims operations, reduce claims leakage, enhance compliance, and improve their customers' experience.
Funding history · 3 rounds · $24.0M total
Company Intelligence Q&A
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- What is Five Sigma's core business offering?
- Five Sigma provides a cloud-native, data-driven claims management solution (CMS) with embedded AI/machine-learning capabilities for the insurance industry.
- When was Five Sigma founded?
- Five Sigma was founded in February 2017.
- Where is Five Sigma's headquarters located?
- Five Sigma's headquarters is located in Tel Aviv-Yafo, Israel.
- What was Five Sigma's first funding round and who was the lead investor?
- Five Sigma secured a Seed round in June 2019, with F2 Venture Capital as the lead investor.
- When did Five Sigma announce an extension to its Series A investment?
- In January 2022, Five Sigma announced an extension of its Series A investment from Aquiline Technology Growth.
- Which global insurance organization selected Five Sigma's AI claims platform in January 2026?
- In January 2026, Starr, a global investment and insurance organization, selected Five Sigma's AI claims platform.
- What is the total amount of funding Five Sigma has raised to date?
- According to startupim data, Five Sigma has raised a total of $24,000,000 USD.
- How many employees does Five Sigma currently have?
- Five Sigma currently has 41 employees, falling into the 11-50 employee bucket.