Five Sigma provides a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that helps insurers handle claims faster and more accurately. Its end-to-end P&C claims resolution platform covers claim intake/First Notice of Loss (FNOL), coverage, liability, financials (reserving and payments), recovery, and quality assurance. The company emphasizes configurable digital claim workflows, a high degree of automation across the claim lifecycle, and the smart utilization of claims data for AI/ML and risk selection. Customers include INSHUR, Hippo, MGM, Palomar, Qover and others. Founded in 2017 and based in Tel Aviv, Five Sigma collaborates directly with clients to align its CMS capabilities to specific initiatives and speed time to market. The company has raised $18M to date and intends to use the new funding to accelerate growth and expansion while continuing to deliver its claims solutions.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2021