Planck Re scores $12M Series A to simplify insurance underwriting with artificial intelligence

Planck Re, a startup that wants to simplify insurance underwriting with artificial intelligence, announced today that it has raised a $12 million Series A. The funding was led by Arbor Ventures, with participation from Viola FinTech and Eight Roads. Co-founder and CEO Elad Tsur tells TechCrunch that the capital will be used to expand Planck Re’sproduct line into more segments, including retail, contractors, IT and manufacturing, and grow its research and development team in Israel and Nort