About Earnix
Earnix is a company based in Givatayim (Israel) founded in 2001.. Earnix has raised $97.5 million across 5 funding rounds from investors including Direct Insurance, Insight Partners and JVP. Earnix has completed 2 acquisitions, including Driveway AI and Zelros. Earnix offers products and services including Enterprise Rating Engine, Earnix Copilot, Analytical Underwriting, and Dynamic Pricing. Earnix operates in a competitive market with competitors including Hearsay Systems, Cardlytics, Datamaran, Total Expert and Ondot Systems, among others.
- Headquarter Givatayim, Israel
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$00as on Mar 10, 2021
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Net Profit
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EBITDA
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Total Equity Funding
$97.5 M (USD)
in 5 rounds
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Latest Funding Round
$75 M (USD), Series D
Feb 22, 2021
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Investors
Direct Insurance
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Driveway AI
& 1 more
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Products & Services of Earnix
Earnix offers a comprehensive portfolio of products and services, including Enterprise Rating Engine, Earnix Copilot, Analytical Underwriting, and Dynamic Pricing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for real-time rating and pricing in insurance
Generative AI for pricing queries and process automation
Solution for advanced analytics and simulation in underwriting
AI-driven platform for personalized pricing strategies
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Funding Insights of Earnix
Earnix has successfully raised a total of $97.5M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $75 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $75.0M
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First Round
First Round
(06 Feb 2002)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series D - Earnix | Valuation | Insight Partners | |
| Jan, 2017 | Amount | Series C - Earnix | Valuation | JVP , Vintage Investment Partners |
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| Sep, 2008 | Amount | Debt – Venture - Earnix | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Earnix
Earnix has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Direct Insurance, Insight Partners and JVP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are made by JVP in Israel.
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Founded Year | Domain | Location | |
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Private equity is invested in growth-stage Israeli hi-tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Earnix
Earnix has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Driveway AI and Zelros. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based solutions for insurance sales and marketing are provided.
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2015 | ||||
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AI and cloud-based driving analytics for usage-based insurance are provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Earnix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Earnix Comparisons
Competitors of Earnix
Earnix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hearsay Systems, Cardlytics, Datamaran, Total Expert and Ondot Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Marketing analytics platform is utilized for financial services customer engagement.
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| domain | founded_year | HQ Location |
Card-linked marketing solutions are provided to banks and financial institutions.
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| domain | founded_year | HQ Location |
AI platform used to transform ESG data into actionable insights.
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| domain | founded_year | HQ Location |
Customer engagement platforms for financial institutions are provided.
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| domain | founded_year | HQ Location |
Card-linked marketing solutions are offered to banks and financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Earnix
Frequently Asked Questions about Earnix
When was Earnix founded?
Earnix was founded in 2001 and raised its 1st funding round 1 year after it was founded.
Where is Earnix located?
Earnix is headquartered in Givatayim, Israel. It is registered at Givatayim, Tel Aviv District, Israel.
Is Earnix a funded company?
Earnix is a funded company, having raised a total of $97.5M across 5 funding rounds to date. The company's 1st funding round was a Debt – Venture of $3.5M, raised on Feb 06, 2002.
What does Earnix do?
AI based marketing analytics and data monitoring solutions for insurers and banks. It enables financial services companies to predict customer risk, demand, and impact on business performance. It combines predictive modeling and optimization with real-time connectivity, core operational systems, and analytics-driven decisions with customer interaction.
Who are the top competitors of Earnix?
Earnix's top competitors include Cardlytics, Hearsay Systems and Total Expert.
What products or services does Earnix offer?
Earnix offers Enterprise Rating Engine, Earnix Copilot, Analytical Underwriting, and Dynamic Pricing.
How many acquisitions has Earnix made?
Earnix has made 2 acquisitions, including Driveway AI, and Zelros.
Who are Earnix's investors?
Earnix has 7 investors. Key investors include Direct Insurance, Insight Partners, JVP, Israel Growth Partners, and Vintage Investment Partners.
What is Earnix's valuation?
The valuation of Earnix is $1B as of Feb 2021.