About Planck
Planck is a Technology company based in New York (United States) founded in 2016, and was acquired by Applied in July 2024. It operates in the Technology and Financial Services sectors. 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. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its competitors include Sedgwick, Riskonnect, OpenGamma, Realeyes and Moody's Analytics and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website planckdata.com
- Social LinkedIn X
- Acquired by Applied (Jul 2024)
- Total Equity Funding$72.6M (USD)
in 6 rounds
- Latest Funding Round$1.6M (USD), Series D
Feb 2024
- InvestorsApplied Systems
& 11 more
- Acquired byApplied
(Jul 2024)
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
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.
- Total Funding $72.6M
- Total Rounds 6
- Last Round Series D — $1.6M
- First Round $12M
(Jul 2018)
- Investors Count 11
All 6 funding rounds of Planck 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 |
|---|---|---|---|---|---|
| Feb 2024 | $1.6M | Series D | – | – | – |
| Apr 2023 | – | Series D | – | IAG Firemark Ventures | – |
| Sep 2022 | $23M | Series D | – | Vintage Investment Partners | |
| May 2021 | $20M | Series C | – | 3L Capital | |
| Jun 2020 | $16M | Series B | – | Team8 | |
| Jul 2018 | $12M | Series A | – | Arbor Ventures |
12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this corporate-backed VC fund. | – | iagfiremarkventures.com | Sydney, Australia | |
- | – | team8.vc | - | |
Greenfield Partners is focused on scaling early-growth technology companies. | 2016 | greenfield-growth.com | New York, United States | |
Technology investments are managed through venture capital and private equity. | – | vintage-ip.com | Herzliya, Israel | |
Investments in financial services are made by Arbor Ventures. | – | arborventures.com | Hong Kong, China | |
Investments are made in early-stage technology companies globally. | – | viola-group.com | Herzliya, Israel | |
Tech startups are invested in by 3L Capital venture firm. | – | 3lcap.com | Los Angeles, United States | |
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
- | – | hannover-digital-invest.com | - | |
Provider of insurance brokerage and risk consulting services | 1903 | hdi.global | Hannover, Germany |
Investor details for Planck
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 Planck
365 people are tracked at Planck (111 in leadership, 254 in team).
| Name | Role | Group |
|---|---|---|
Manoj Mathew | Director Of Devops | Leadership |
Ricky Lopez | Vice President Consulting Services | Leadership |
Tom Roshar | Vice President Of Sales - Benefits | Leadership |
Brandon Hellevang | Vp, Sales | Leadership |
Kara Harris-Crowell | Senior Vice President - Sales Enablement & Solution Consulting | Leadership |
Trevor Bunker | Chief Customer Officer | Leadership |
Rich Belanger | CTO | Leadership |
Courtney Rains | CMO | Leadership |
Taylor Rhodes | CEO | Leadership |
Tom Needs | CEO, Applied Systems Europe | Leadership |
Graham Blackwell | CFO | Leadership |
Jeffrey D. Purdy | Chief Revenue Officer | Leadership |
Francesco Poggiani | Sr. People Business Partner (strategic Growth) | Leadership |
Anupam Gupta | Chief Product Officer | Leadership |
Bridget Penney | Chief People Officer | Leadership |
Rahul S. | Senior Director | Leadership |
Jess Castro | Sr. People Business Partner | Leadership |
Brittany Smith | Chief Financial Officer | Leadership |
Sarah Osborne | Director of Sales | Leadership |
Lauren Malcolm | Director Of Communications | Leadership |
345 more people are available in the full profile.
Complete people profiles for Planck
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 Planck
4 dated milestones of Planck across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Planck is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series D, of $1.6M.
- Exit Acquired by Applied.
Competitors of Planck
Planck has 8 listed competitors in our database, 6 of them funded. They include Sedgwick, Riskonnect, OpenGamma, Realeyes and Moody's Analytics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sedgwick.com | 1969 | Memphis, United States | $2.63M | 25,842 | Claims administration, loss adjusting, and benefits management services are provided. | |
| riskonnect.com | 2007 | Kennesaw, United States | $10M | 390 | Cloud-based risk management solutions are offered for the insurance sector. | |
| opengamma.com | 2009 | London, United Kingdom | $68.9M | 61 | SaaS-based solutions for derivatives risk analytics are provided. | |
| realeyesit.com | 2007 | London, United Kingdom | $32.11M | 1 | AI-powered attention measurement and identity verification solutions are provided. | |
| moodysanalytics.com | 2008 | New York, United States | – | 854 | Risk management software is supplied for insurance and various sectors. | |
| encompasscorporation.com | 2011 | Glasgow, United Kingdom | $197.68M | 206 | Corporate Digital Identity and KYC solutions are provided by Encompass. | |
| indicodata.ai | 2014 | Boston, United States | $73.22M | 72 | Data processing tasks are automated via AI-driven management solutions. | |
| imanage.com | 1995 | Chicago, United States | – | 485 | Cloud-based document and risk management software is offered for enterprises. |
Detailed competitors of Planck
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Planck
The website of Planck (planckdata.com) receives about 5.3K visits a month and ranks #3,901,611 among all websites worldwide, #8,609 in Insurance.
- Monthly visits5.3K
▲ 8.5% vs previous month
- Unique visitors2K
per month
- Global rank#3,901,611
among all websites
- Category rank#8,609
Finance · Insurance
- Bounce rate40%
- Pages per visit1.6
- Average visit9 sec
- DevicesDesktop 25% · Mobile 75%
Top companies in GRC, Risk & Compliance Software
10 companies that operate in the same segment as Planck (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | 350 | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | USD 105.3 M | 506 | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 504 M | – | 1,996 | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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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. The company's 1st funding round was a Series A of $12M, raised on Jul 2018.
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.
Yes. Planck was acquired by Applied in July 2024.