Planck lands $12M to bring AI to Commercial Insurance

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Today Planck announced its first funding round of $12M. Its mission is to empower commercial insurers by generating insights that streamline the commercial underwriting process, enabling insurers to instantly and accurately underwrite any policy. The round was led by Arbor Ventures and includes Viola FinTech and Eight Roads. Founded in 2016, Planck is pioneering the commercial insurance data industry, providing an artificial intelligence driven data platform. Leveraging deep industry expertise and breakthrough data science, Planck streamlines the commercial underwriting process by aggregating small and medium businesses’ digital footprints to help insurers acquire a comprehensive understanding of customer risk.

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