What is Planck?
Founded in 2016 and headquartered in New York, Planck provides a sophisticated data platform that empowers insurance companies to make informed, data-driven decisions for various commercial purposes. The company operates at the intersection of big data, artificial intelligence, and insurance technology, offering a comprehensive solution that aggregates and analyzes vast datasets to provide actionable insights. By streamlining underwriting processes and improving risk assessment accuracy, Planck has established itself as a vital component in the modern insurance ecosystem, enabling carriers to optimize their commercial portfolios with unprecedented precision and speed.
How much funding has Planck raised?
Planck has raised a total of $59.5M across 4 funding rounds:
Other Financing Round
$16M
Other Financing Round
$20M
Other Financing Round
$23M
Other Financing Round
$500K
Other Financing Round (2020): $16M with participation from Nationwide Mutual Insurance Company
Other Financing Round (2021): $20M led by Eight Roads Services, 3L Capital, Arbor Ventures, Viola Fintech, Team8, and Greenfield Partners
Other Financing Round (2022): $23M supported by Team8, Arbor Ventures, Vintage Investment Partners, Viola Group, and Greenfield Global
Other Financing Round (2025): $500K featuring Saarthee
Key Investors in Planck
Team8
Team8 is a company-building venture group with deep domain expertise that creates and invests in companies specializing in enterprise technology, data, AI, and cybersecurity.
Arbor Ventures
Arbor Ventures is a visionary venture capital firm focused on fintech, partnering with global innovators to shape a smarter future through strategic financial technology investments.
Vintage Investment Partners
Vintage Investment Partners is an Israel-based firm with over $3.6 billion in assets, acting as a trusted partner that delivers invaluable insights and connects portfolio companies with key industry players.
What's next for Planck?
With the successful completion of this major strategic investment, Planck is poised to enter a new phase of operational scaling and product innovation. The company's roadmap likely includes the expansion of its data ingestion capabilities and the integration of more advanced predictive analytics models to address the evolving needs of global insurance providers. As the firm continues to attract high-caliber institutional support, the focus will remain on maintaining its competitive edge through technological superiority and strategic market expansion, ensuring that its platform remains the gold standard for commercial insurance intelligence in an increasingly data-centric global economy.
See full Planck company page
