DataCubes offers the d3 Underwriting™ software platform, which applies machine learning and artificial intelligence to analyze semi-structured insurance submissions and over four billion objects in its data lake. The platform is designed to optimize underwriting workflow processes for SMB and middle-market risks across standard commercial and specialty lines. The company said it will use new funding for research and development and to expand its team, targeting the addition of 50 employees in 2020. Customers named in the article include The Hanover, Selective Insurance, RLI, Columbia Insurance Group, Penn National Insurance, Tangram, WCF Insurance and Synergy Coverage Solutions. DataCubes was founded in 2016 and is based in Schaumburg, Illinois. It closed a $15.2M Series B to support those growth initiatives. DataCubes offers the D3 data science platform that leverages machine learning and AI to analyze sources such as unstructured text and images to generate underwriting insights. The platform enables carriers to accurately quote commercial insurance policies by asking customers a few questions and by scoring external data to prioritize applications. D3 eliminates paperwork and automates underwriting while providing a holistic view of risk through analysis of internal and external data. The company is led by Kuldeep Malik (CEO and co-founder) and Harish Neelamana (Chief Product Officer). DataCubes completed a $2.5M Series A financing to support its growth. It intends to use the funds to extend platform capabilities to additional lines of business and to scale sales and marketing efforts.

Total raised

$18M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2019