About
AI-based Data Platform for Commercial Insurance
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.
Identity
| Name | Planck |
|---|---|
| Slug | planck-re |
| Type / kind | startup |
| Crunchbase ID | planck-re |
| Source _id | agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAoMTX7K8IDA |
Status
| Status | acquired |
|---|---|
| Status reason | Acquired by Applied Systems on Jul, 2024 |
| Last update | 2026-05-17 |
Location
| HQ country code | IL |
|---|---|
| HQ region/district | Center District |
| HQ city | Tel Aviv-Yafo |
| HQ address | Arania Osvaldo St 29, Tel Aviv-Yafo, Israel |
Web & social
| Website | https://www.planckdata.com |
|---|---|
| Careers page | https://planckdata.com/careers |
| https://www.linkedin.com/company/18250977 | |
| Twitter / X | https://twitter.com/Planckdata |
| https://www.facebook.com/planckresolution |
Classifications
Primary sector Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Platforms & InterfacesWebArtificial IntelligenceDeep LearningNatural Language Processing
Target customers
Financial ServicesFinancial ProductsInsuranceEnterprise & Professional ServicesEnterprises
Business models
B2B
Tags
gamificationartificial-intelligenceunderwritingnatural-language-processinginsurance-companiesenterprise-solutionsmachine-learningautomationbig-datadata-mininginsurtechfintechdeep-learning
Funding
| Total raised | $71.0M |
|---|---|
| Current stage | Acquired |
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