All Updates

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Funding
Sixfold raises USD 15 million in Series A funding for recruitment and geographical expansion
InsurTech: Infrastructure
Jun 5, 2024
This week:
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InsurTech: Infrastructure

InsurTech: Infrastructure

Jun 5, 2024

Sixfold raises USD 15 million in Series A funding for recruitment and geographical expansion

Funding

  • Sixfold, a provider of AI-powered underwriting solutions, has raised USD 15 million in a Series A funding round led by Salesforce Ventures with participation from Scale Venture Partners, Bessemer Venture Partners, and Crystal Venture Partners. Total funds raised by the company now stands at USD 21.5 million.

  • The company intends to use the funds to expand its team of AI/ML engineers, further enhancing product capabilities and accelerating R&D efforts. In addition, it plans to expand its footprint into the UK and the European Union.

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