About Five Sigma Labs
Five Sigma Labs is a company based in Tel Aviv (Israel) founded in 2017 by Dror Sholomon, Oded Barak, Edan Hanina, and Michael Krikheli.. Five Sigma Labs has raised $12 million across 2 funding rounds from investors including Aquiline Capital Partners, 83NORTH and F2 Venture Capital. Five Sigma Labs offers products and services including Claims Management Platform, AI-Driven Insights, and Omnichannel Communications. Five Sigma Labs operates in a competitive market with competitors including Encircle, Zemble, Sensor Networks, Field Pros Direct and Galacticar, among others.
- Headquarter Tel Aviv, Israel
- Founders Dror Sholomon, Oded Barak, Edan Hanina, Michael Krikheli
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Aquiline Capital Partners
& 6 more
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Employee Count
Employee Count
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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. 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-based tool for automating insurance claims handling and analytics
Provides data-driven decision-making for claims efficiency
Facilitates integrated messaging for claims stakeholders
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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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(13 Sep 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Five Sigma Labs | Valuation |
investors |
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| Sep, 2021 | Amount | Series A - Five Sigma Labs | Valuation | 83NORTH , F2 Capital |
| 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 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. 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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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Tech-focused, stage-agnostic venture capital is provided by 83NORTH.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing in Israeli startups across technology and innovation sectors.
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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 Five Sigma Labs
| 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 |
Financial Statements - Five Sigma Labs
| 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 |
Five Sigma Labs Comparisons
Competitors of Five Sigma Labs
Five Sigma Labs 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 Encircle, Zemble, Sensor Networks, Field Pros Direct and Galacticar, 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 |
Claim processing platform for insurance and restoration contractors is provided.
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| domain | founded_year | HQ Location |
A cloud-based platform is utilized for stakeholder management and collaboration.
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| domain | founded_year | HQ Location |
Cloud-based insurance claims management software is offered.
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| domain | founded_year | HQ Location |
On-demand adjusters network is utilized for claims inspection and submission.
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| domain | founded_year | HQ Location |
Delivers an automated application for efficient insurance claims processing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Five Sigma Labs
Frequently Asked Questions about Five Sigma Labs
When was Five Sigma Labs founded?
Five Sigma Labs was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Five Sigma Labs located?
Five Sigma Labs is headquartered in Tel Aviv, Israel.
Who is the current CEO of Five Sigma Labs?
Oded Barak is the current CEO of Five Sigma Labs. They have also founded this company.
Is Five Sigma Labs a funded 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 13, 2021.
What does Five Sigma Labs do?
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.
Who are the top competitors of Five Sigma Labs?
Five Sigma Labs's top competitors include Sensor Networks, Encircle and Zemble.
What products or services does Five Sigma Labs offer?
Five Sigma Labs offers Claims Management Platform, AI-Driven Insights, and Omnichannel Communications.
Who are Five Sigma Labs's investors?
Five Sigma Labs has 7 investors. Key investors include Aquiline Capital Partners, 83NORTH, F2 Venture Capital, Pipeline Capital Partners, and O.G. Tech.
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