New York and Tel Aviv based software startup enabling insurance underwriting sing artificial intelligence raised $12m led by Arbor Ventures.
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AI enabled insurance underwriter, Planck Re, raised $12m Series A
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There are already a handful of startups, including SoftBank-backed Lemonade, Trōv, Cover, Hippo and Swyfft, that use algorithms to make picking and buying insurance policies easier for consumers, but AI-based underwriting is still a nascent category.
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