In the Press

Planck, the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. The funding came from 3L Capital and Greenfield Partners, along with returning investors Team8, Viola Fintech, Arbor Ventures and Eight Roads. This brings Planck's total raised to $48 million, including a $16 million Series B it announced in June 2020. Planck currently works with more than half of the top-30 insurers in the US and will use the new funding to build the US team, expand into global markets and add products for new business segments. Ernie Feirer has also joined Planck as head of U.S. business. He previously held leadership roles at LexisNexis Risk Solutions, building data analytics solutions for property and casualty insurance carriers.

Moovit will show users in Sydney and Canberra where Beam e-bikes and e-scooters are available nearby for more alternative and convenient first and last-mile options.

VOOM announced today that it has been named a Gartner Cool Vendor in the 2021 Cool Vendors in Insurance report. "We are honored to be recognized as a Gartner Cool Vendor," said Tomer Kashi, Co-founder and CEO of VOOM. "Our mission is to ensure that both insurance providers and customers have the right technology in place to experience the most flexible insurance options possible. We believe that InsurTech has the potential to change mobility and many other aspects of our lives." Insurers who want to supplement their existing product portfolio can add various on-demand products in a fast, low-cost way by leveraging the VOOM insurance platform. The result is being able to meet the shifting demands in the digital consumer marketplace without having to build the internal expertise or platforms to go to market.

Fast Company announced the winners of its 2021 World Changing Ideas Awards today, honoring the businesses, policies, projects, and concepts that are actively engaged and deeply committed to pursuing innovation when it comes to solving health and climate crises, social injustice, or economic inequality. For the second straight year, InCountry has been included in the Awards, earning an honorable mention in the Software category. InCountry’s data-residency-as-a-service platform distributes and localizes regulated data based on its country of origin, covering data handling regulations for a multitude of regulated data types in over 90 countries, and ensuring data compliance with global and local data regulations for multinational companies.

Tabby have announced an exclusive partnership with Majid Al Futtaim group to launch Gift Now, Pay Later (GNPL), the first of its kind in the region. GNPL offers a unique 'buy now, pay later' experience, by allowing shoppers to gift their loved ones gift cards and split their purchase in 4 interest-free payments.

MAI received the approval of the Japan and US patents for their core visual search technology