Planck Raises $71M to Date to Expand its First-to-Market Cognitive Business Analytics Platform
September 15, 2022
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Planck
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Planck, leading AI-powered data and analytics platform, recently closed a $23 million funding round to continue its mission of empowering commercial insurers with real-time and accurate insights. The financing, which brings the company’s total to $71 million, was led by Vintage Investment Partners and all existing financial investors, including Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI and Nationwide, alongside private angel investors. “By partnering with Planck, commercial insurance carriers and their agents can achieve breakthrough levels of improvement in their processes and profitability by having clear, real-time views into their underwriting and
business risks that are not available from standard industry data flows and typical providers,” said Gary Gregg, former Executive Vice President of Liberty Mutual Group, advisor and investor in Planck’s latest round. “Insurer partners will reap the benefits from these insights to greatly improve their customer experience, operations, and bottom line.”
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