About Planck
Planck is a company based in New York (United States) founded in 2016 was acquired by Applied in July 2024. Planck has raised $72.6 million across 6 funding rounds from investors including Applied Systems, HDI Global and Nationwide. Planck offers products and services including Planck PLUS, GenAI Assistant, and Risk Workbench. Planck operates in a competitive market with competitors including Sedgwick, Riskonnect, OpenGamma, Realeyes and Moody's Analytics, among others.
- Headquarter New York, United States
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Sectors
TechnologyFinancial Services
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$72.6 M (USD)
in 6 rounds
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Latest Funding Round
$1.6 M (USD), Series D
Feb 13, 2024
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Investors
Applied Systems
& 11 more
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Employee Count
Not available
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Acquired by
Applied
(Jul 23, 2024)
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Products & Services of Planck
Planck offers a comprehensive portfolio of products and services, including Planck PLUS, GenAI Assistant, and Risk Workbench.
Generative AI tool for commercial insurance underwriting insights
Answers questions on business risks and operations
Platform for assessing and predicting business risks
People of Planck
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Sales and Marketing
65 people
Leadership Team
56 people
Software Development Team
56 people
Product Management Team
37 people
Senior Team
18 people
Customer Team
12 people
Manager Team
11 people
Human Resources and Administration
11 people
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Funding Insights of Planck
Planck has successfully raised a total of $72.6M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $1.6 million completed in February 2024. 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.
Investors in Planck
Planck has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Applied Systems, HDI Global and Nationwide.
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Greenfield Partners is focused on scaling early-growth technology companies.
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Investor details for Planck
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Investments & Acquisitions by Planck
Investment portfolio details for Planck
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- Transaction dates
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Financial Statements - Planck
Detailed financials for Planck
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Planck Comparisons
Peer comparison for Planck
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Competitors of Planck
Planck 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 Sedgwick, Riskonnect, OpenGamma, Realeyes and Moody's Analytics, among others.
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Claims administration, loss adjusting, and benefits management services are provided.
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Cloud-based risk management solutions are offered for the insurance sector.
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SaaS-based solutions for derivatives risk analytics are provided.
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AI-powered attention measurement and identity verification solutions are provided.
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Risk management software is supplied for insurance and various sectors.
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Corporate Digital Identity and KYC solutions are provided by Encompass.
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Detailed competitors of Planck
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Latest news on Planck
Complete news archive for Planck
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Frequently Asked Questions about Planck
Planck was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Planck is headquartered in New York, United States. It is registered at New York, New York, United States.
Planck is a funded company, having raised a total of $72.6M across 6 funding rounds to date.
Provider of GenAI-powered risk insights and underwriting solutions for commercial insurance. It offers a platform that leverages generative AI to analyze business risk, classify businesses, and provide insights for underwriting. The platform offers data and classifications, a risk workbench, and a chat interface to assist underwriters in risk assessment and decision-making. It provides solutions for streamlining underwriting processes, improving data accuracy, and uncovering potential risks. The companys solutions are designed for enterprise-level integration across the insurance continuum, from lead generation to policy monitoring.
Planck's top competitors include Sedgwick, Encompass and Riskonnect.
Planck offers Planck PLUS, GenAI Assistant, and Risk Workbench.
Planck has 12 investors. Key investors include Applied Systems, HDI Global, Nationwide, Eight Roads Ventures, and IAG Firemark Ventures.