About Sixfold
Sixfold is a company based in New York (United States) founded in 2023 by Brian Moseley and Alex Schmelkin.. Sixfold has raised $21.5 million across 2 funding rounds from investors including Bessemer Venture Partners, Salesforce Ventures and Scale Venture Partners. Sixfold offers products and services including Underwriting AI Platform and Risk Insights Tool. Sixfold operates in a competitive market with competitors including Wefox, Zywave, Stubben Edge, Keystone Agency Partners and Iprism, among others.
- Headquarter New York, United States
- Founders Brian Moseley, Alex Schmelkin
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Sectors
Financial ServicesTechnology
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Phone
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Website
*********
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Social
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- Legal Name Sixfold Ai, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.5 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
Apr 05, 2024
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Investors
Bessemer Venture Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of Sixfold
Sixfold offers a comprehensive portfolio of products and services, including Underwriting AI Platform and Risk Insights Tool. 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 system for triaging insurance submissions and detecting risks.
Generates summaries of risk data from multiple sources for insurers.
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Funding Insights of Sixfold
Sixfold has successfully raised a total of $21.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 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 Total Funding
- Total Rounds 2
- Last Round Series A — $15.0M
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First Round
First Round
(26 May 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Sixfold | Valuation | Salesforce Ventures | |
| May, 2023 | Amount | Seed - Sixfold | Valuation |
investors |
| 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 Sixfold
Sixfold has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Salesforce Ventures and Scale Venture Partners. 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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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Early-stage venture capital investments are focused on US companies.
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Venture capital investments and support for entrepreneurs in 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 Sixfold
| 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 - Sixfold
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sixfold Comparisons
Competitors of Sixfold
Sixfold 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 Wefox, Zywave, Stubben Edge, Keystone Agency Partners and Iprism, 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 |
App-based P&C insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Cloud-based agency management solutions are provided for the insurance industry.
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| domain | founded_year | HQ Location |
Cloud-based management solutions are provided for insurance brokers.
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| domain | founded_year | HQ Location |
Insurance agency management solutions are provided to the industry.
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| domain | founded_year | HQ Location |
SME insurance portfolios are managed via an online broker platform.
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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 Sixfold
Frequently Asked Questions about Sixfold
When was Sixfold founded?
Sixfold was founded in 2023.
Where is Sixfold located?
Sixfold is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Sixfold?
Alex Schmelkin is the current CEO of Sixfold. They have also founded this company.
Is Sixfold a funded company?
Sixfold is a funded company, having raised a total of $21.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.5M, raised on May 26, 2023.
What does Sixfold do?
AI-based generative tools provider for insurance underwriters. It develops AI for financial services and insurance. Its assistant can identify risks in submissions, prior losses, external data lookups, and more. Its solutions are for providing traceability and lineage of underwriting decisions, providing quotes and coverage recommendations to underwriters using suggestion tools, and more.
Who are the top competitors of Sixfold?
Sixfold's top competitors include Wefox, Stubben Edge and Agentero.
What products or services does Sixfold offer?
Sixfold offers Underwriting AI Platform and Risk Insights Tool.
Who are Sixfold's investors?
Sixfold has 4 investors. Key investors include Bessemer Venture Partners, Salesforce Ventures, Scale Venture Partners, and Crystal Venture Partners.
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