About Five Sigma Labs
Five Sigma Labs is a Financial Services company based in Tel Aviv (Israel) founded in 2017 by Dror Sholomon, Oded Barak, Edan Hanina, and Michael Krikheli. Cloud-based claims management is provided for the insurance industry. Five Sigma Labs has raised $12 million across 2 funding rounds from investors including Aquiline Capital Partners, 83NORTH and F2 Venture Capital. Its chief executive, as recorded, is Oded Barak. Five Sigma Labs offers products and services including Claims Management Platform, AI-Driven Insights, and Omnichannel Communications. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Claims Processing.
Company details
Five Sigma Labs was founded in 2017 in Tel Aviv, Israel, as a provider of a cloud-based platform for the insurance sector. Claims resolution, performance management, and administrative task automation are supported through the platform. Artificial intelligence is leveraged for enhanced workflows and reporting solutions, enabling efficient operations in claims processing.
- Total Equity Funding$12M (USD)
in 2 rounds
- InvestorsAquiline Capital Partners
& 6 more
Products & Services of Five Sigma Labs
Five Sigma Labs offers a comprehensive portfolio of products and services, including Claims Management Platform, AI-Driven Insights, and Omnichannel Communications.
AI-based tool for automating insurance claims handling and analytics
Provides data-driven decision-making for claims efficiency
Facilitates integrated messaging for claims stakeholders
Apps and channels of Five Sigma Labs
its YouTube channel Five Sigma - AI-Native Claims Management has 13 subscribers.
Funding Insights of Five Sigma Labs
Five Sigma Labs has successfully raised a total of $12M across 2 strategic funding rounds. 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 $12M
- Total Rounds 2
- First Round $12M
(Sep 2021)
- Investors Count 7
All 2 funding rounds of Five Sigma Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | Series A | – | – | ||
| Sep 2021 | $12M | Series A | – | 83NORTH, F2 Capital |
7 investors in total: 7 institutional.
Investors in Five Sigma Labs
Five Sigma Labs has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Aquiline Capital Partners, 83NORTH and F2 Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt investments are directed toward financial sectors. | 2005 | aquiline.com | New York, United States | |
Tech-focused, stage-agnostic venture capital is provided by 83NORTH. | 83north.com | London, United Kingdom | ||
Early-stage venture capital investing in Israeli startups across technology and innovation sectors. | f2vc.com | |||
Seed-stage tech investments are made in the US and UK. | pipeline.vc | Anchorage, United States | ||
VC firm investing in tech startups | og-tech.vc | Monaco, Monaco | ||
Tech and life Science focused early stage VC firm investing in the US | iglobepartners.com | Singapore, Singapore | ||
Provides operations, technology, and data services to insurers worldwide. | 2013 | xceedance.com | Bermuda |
Investor details for Five Sigma Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Five Sigma Labs
30 people are tracked at Five Sigma Labs (14 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
Dror Sholomon | Co-Founder | Leadership |
Oded Barak | Co-Founder & CEO | Leadership |
Edan Hanina | Co-Founder | Leadership |
Michael Krikheli | Co-Founder | Leadership |
Jonathan Atkinson | Sales Director | Leadership |
David Siboni | CFO | Leadership |
Mor Segal | VP R&D | Leadership |
Oded Israeli | Chief Marketing Officer | Leadership |
Raymond Charrier II | Vice President Of Global Business Development And Global Partnerships | Leadership |
Andrew Wilson | VP - Head Of Sales | Leadership |
Dudi Siboni | CFO | Leadership |
Andrew Wagner | Director - Head Of Delivery | Leadership |
Adriana Neumann | Chief Product Officer | Leadership |
Gil Nechushtai | Chief Product Officer | Leadership |
Alex Kharitonoff | QA Engineer | Team |
Liann Shamir | Product Manager | Team |
Aya Shvartz | Product Manager | Team |
Jeff Lin | Investor | Team |
Erez Suharenko | Senior Software Developer Team Lead | Team |
Roi Perlman | Development Team Lead | Team |
10 more people are available in the full profile.
Complete people profiles for Five Sigma Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Five Sigma Labs
3 dated milestones of Five Sigma Labs across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Five Sigma Labs is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series A,.
Web traffic of Five Sigma Labs
The website of Five Sigma Labs (fivesigmalabs.com) receives about 7.4K visits a month.
- Monthly visits7.4K
▲ 1.6% vs previous month
Websites whose visitors overlap most with Five Sigma Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
aiacenters.com | aiacenters.com | 100% | – | ||
vfis.com | vfis.com | 91% | #972,284 | – | |
| agspecialtyinsurance.com | 89% | 10.7K | #2,507,927 | View details | |
| enablecomp.com | 82% | 8.6K | #2,743,022 | View details |
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Related news about Five Sigma Labs
Complete news archive for Five Sigma Labs
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Frequently Asked Questions about Five Sigma Labs
Five Sigma Labs was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Five Sigma Labs is headquartered in Tel Aviv, Israel.
Oded Barak is the CEO of Five Sigma Labs, as recorded in our data. They have also founded this company.
Five Sigma Labs is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Sep 2021.
Five Sigma Labs was founded in 2017 in Tel Aviv, Israel, as a provider of a cloud-based platform for the insurance sector. Claims resolution, performance management, and administrative task automation are supported through the platform. Artificial intelligence is leveraged for enhanced workflows and reporting solutions, enabling efficient operations in claims processing.
Five Sigma Labs offers Claims Management Platform, AI-Driven Insights, and Omnichannel Communications.
Five Sigma Labs has 7 investors. Key investors include Aquiline Capital Partners, 83NORTH, F2 Venture Capital, Pipeline Capital Partners, and O.G. Tech.