Last updated 2026-07-20
- Acquired by Applied Systems for $300M, Jul 2024
- Raised $23M Series D led by Vintage Investment Partners, Aug 2022
- Raised $20M Series C led by 3L, Apr 2021
Total raised
$71.0M
Last: Undisclosed Round 2022-09
Stage
Acquired
Founded
2016
Headcount
65
HQ
Tel Aviv-Yafo, Israel
Sector
Fintech & Insurtech
About
Planck provides an AI-based data platform for commercial insurance, empowering insurers with real-time and accurate insights to streamline the commercial underwriting process, prevent fraud, and reduce loss ratios. The platform leverages artificial intelligence, big data, and image processing to deliver data-driven insights for risk assessment, underwriting, and renewals.
Funding history · 4 rounds · $71.0M total
2022-08
D Round
$23.0M
★ Vintage Investment Partners3LTeam8NationwideViola FintechGreenfield PartnersHarbor Pacific CapitalHannover Digital Investments
2021-04
C Round
$20.0M
★ 3LTeam8Viola FintechArbor VenturesGreenfield PartnersEight Roads Ventures
2020-05
B Round
$16.0M
★ Team8Viola FintechArbor VenturesEight Roads Ventures
2018-06
A Round
$12.0M
★ Viola Fintech★ Arbor Ventures★ Eight Roads Ventures
Headcount over time
From 26 (2019-02) to 76 (2026-03) · +50 (+192%) · 16 points · source: Finder history + radar grounding
Q&A
- What is Planck's primary business?
- Planck is an AI-based data platform for commercial insurance, enabling insurers to instantly and accurately underwrite businesses by aggregating and mining massive data sets using artificial intelligence.
- When was Planck acquired and by whom?
- Planck was acquired by Applied Systems in July 2024.
- What was Planck's last reported funding round?
- Planck's last reported funding round was in September 2022, raising $23,000,000. Lead investors included Vintage Investment Partners.
- How much total funding has Planck raised?
- Planck has raised a total of $71,000,000 across all funding rounds.
- Where is Planck's headquarters located?
- Planck's headquarters is located in Tel Aviv-Yafo, Israel.
- What is Planck's employee count?
- Planck has an employee count in the 51-200 range.
- Who are the co-founders of Planck?
- The co-founders of Planck are Elad Tsur (Co-founder & CEO), Amir Cohen (Co-founder & CTO), and David Schapiro (Co-founder, no longer with the company).
- What technologies does Planck utilize in its platform?
- Planck utilizes technologies such as Artificial Intelligence, Deep Learning, and Natural Language Processing in its platform.
Team · 3
Elad Tsur
Founder · CEO
Amir Cohen
Founder · CTO
David Schapiro
Founder · Co-founder
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Platforms & InterfacesWebArtificial IntelligenceDeep LearningNatural Language Processing
Target customers
Financial ServicesFinancial ProductsInsuranceEnterprise & Professional ServicesEnterprises
Business model
B2B
Tags
gamificationartificial-intelligenceunderwritingnatural-language-processinginsurance-companiesenterprise-solutionsmachine-learningautomationbig-datadata-mininginsurtechfintechdeep-learning
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | planckdata.com |
|---|---|
| linkedin.com/company/18250977 | |
| facebook.com/planckresolution |
Identifiers & details
| Founded | 2016 |
|---|---|
| Employees (exact) | 65 |
| Offices | New York; Haifa |
| Status reason | Acquired by Applied Systems on Jul, 2024 |
Acquisitions & public offerings
Acquired by Applied Systems 2024-07 $300.0M
Radar intelligence
Patents
| EPO | 4510 |
|---|
Publications (Crossref)
| Works | 10 |
|---|
Web history (Wayback)
| Domain | planckdata.com |
|---|
Certificate / subdomain footprint
| Subdomains | 77 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 515335388 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2015-11-04 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2026 |
| Active charges / liens | 0 |
| Registry events | 9 — charge (3), annual_report (3), people (2), other (1) |
| Registered address | דרך בגין 23 תל אביב - יפו |
Recent registry events
| Date | Event |
|---|---|
| 2025-07-31 | רישום שעבוד |
| 2026-05-27 | דו~ח שנתי |
| 2025-12-22 | דו~ח שנתי-הסרת בעל תפקיד |
| 2025-12-22 | דו~ח שנתי-הוספת בעל תפקיד |
| 2025-07-08 | עדכון דירקטורים-הוספת דירקטור |
| 2025-07-08 | עדכון דירקטורים-הסרת דירקטור |
| 2025-08-05 | סילוק שעבוד |
| 2025-08-05 | סילוק שעבוד |
| 2025-12-01 | עדכון כתובת ו/או מען דיגיטלי |