About FRISS
FRISS is a company based in Utrecht (Netherlands) founded in 2006 by Jeroen Morrenhof and Christian van Leeuwen. FRISS has raised $88.67 million across 3 funding rounds from investors including Guidewire, Aquiline Capital Partners and Accel-KKR. FRISS has completed 2 acquisitions, including Polonious and Terrene Labs. FRISS offers products and services including Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution. FRISS operates in a competitive market with competitors including Megvii, Unico, Chooch, Evrotrust and Oosto, among others.
- Headquarter Utrecht, Netherlands
- Founders Jeroen Morrenhof, Christian van Leeuwen
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Website
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Products & Services of FRISS
FRISS offers a comprehensive portfolio of products and services, including Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution.
Automates real-time risk analysis for insurance interactions.
Speeds up policy writing with bias-free analytics.
Screens claims quickly to reduce loss ratios.
Verifies trust in flagged claims for better outcomes.
Funding Insights of FRISS
FRISS has successfully raised a total of $88.67M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in November 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 3
- Last Round Series B — $6.0M
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First Round
First Round
(12 Dec 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Series B - FRISS | Valuation | Guidewire |
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| Jul, 2021 | Amount | Series B - FRISS | Valuation | Accel-KKR | |
| Dec, 2017 | Amount | Series A - FRISS | Valuation | Aquiline Capital Partners , BlackFin |
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Investors in FRISS
FRISS has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Guidewire, Aquiline Capital Partners and Accel-KKR.
| Investor | Description | Founded Year | Domain | Location |
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Investments are focused on mid-market software and technology-enabled services firms.
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Private equity and debt investments are directed toward financial sectors.
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Investments & Acquisitions by FRISS
FRISS has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Polonious and Terrene Labs.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Risk management is provided for insurance carriers using Big Data.
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2015 | ||||
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Investigation management software provider
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2006 |
Financial Statements - FRISS
Friss Comparisons
Competitors of FRISS
FRISS 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 Megvii, Unico, Chooch, Evrotrust and Oosto, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Facial recognition and AI video analysis solutions are provided.
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Digital identity solutions company providing facial biometrics and digital admission solutions
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Generative computer vision solutions are offered for video stream analysis.
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AI-based identity verification and electronic signing are provided for businesses.
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AI-powered video analytics systems are provided for security and operations.
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Identity verification solutions with ID scans and validation are offered.
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Latest news on Friss
Frequently Asked Questions about FRISS
FRISS was founded in 2006 and raised its 1st funding round 11 years after it was founded.
FRISS is headquartered in Utrecht, Netherlands.
FRISS is a funded company, having raised a total of $88.67M across 3 funding rounds to date. The company's 1st funding round was a Series A of $17.67M, raised on Dec 12, 2017.
Risk and compliance solutions for PC insurers. It is an analytics software platform for fraud detection, risk assessment, and compliance management for property and casualty insurers. It features fraud detection solutions for underwriting and claim processing. It enables insurers to detect and prevent fraud through its hybrid detection engine and connections to external data sources. It provides a FRISS score that indicates the risk for each quotation, policy, or claim.
FRISS offers Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution.
FRISS has made 2 acquisitions, including Polonious, and Terrene Labs.
FRISS has 4 investors. Key investors include Guidewire, Aquiline Capital Partners, Accel-KKR, and BlackFin.