Last updated 2026-06-18
- Acquired by Applied Systems, Jul 2024
- Raised $23M funding round led by Vintage Investment Partners, Sep 2022
- Raised $20M funding round led by 3L, May 2021
Total raised
$71.0M
Last: 2022-09
Stage
Acquired
Founded
2015
Headcount
69
HQ
Tel Aviv-Yafo, Israel
Sector
Fintech & Insurtech
About
Planck is a commercial insurance data platform that enables insurers to instantly and accurately underwrite any business. The companys technology platform aggregates and mines massive data sets, using artificial intelligence to automatically generate and deliver key insights customized to the commercial underwriting process. The end result is a frictionless underwriting process with greater insurer visibility into risk factors, leading to improved new business conversion and retention rates and lower loss ratios.
Funding history · 4 rounds · $71.0M total
2022-09
2020-06
2018-07
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
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 | 2015-11 |
|---|---|
| Employees (exact) | 69 |
| Offices | New York; Haifa |
| Status reason | Acquired by Applied Systems on Jul, 2024 |
Acquisitions & public offerings
Acquired by Applied Systems 2024-07
Radar intelligence
Patents
| EPO | 4500 |
|---|
Publications (Crossref)
| Works | 10 |
|---|
Web history (Wayback)
| Domain | planckdata.com |
|---|