Sixfold, a NYC-based company empowering underwriters with a generative AI solution for end-to-end risk analysis, raised $15M in Series A funding.
The round was led by Salesforce Ventures, with participation from Scale Venture Partners and all previous investors including Bessemer Venture Partners and Crystal Venture Partners.
The company intends to use the funds to continue building out its team of AI/ML engineers, further enhancing product capabilities and accelerating R&D efforts.
Led by CEO Alex Schmelkin, Sixfold provides a generative AI solution purpose-built for insurance underwriting. The platform streamlines the underwriting process, enabling underwriters to focus on decision-making. It features partner integrations with EXL, Guidewire, and more.
In the 12 months since its inception, Sixfold’s customer base includes commercial P&C, Specialty, and Life insurers, such as AXIS Capital, Zurich Insurance Group, Generali Global Corporate & Commercial, and Mosaic Insurance. The company has also expanded its partner ecosystem with several firms, including EXL, and has become a Guidewire Insurtech Vanguard.
FinSMEs
05/06/2024