Company Overview
Snapshot
Founded in February 2017 by Oded Barak, Dror Sholomon, Michael Krikheli, and Edan Hanina, Five Sigma operates with 11–50 employees. The company has raised $24 million across 3 funding rounds from 7 investors. In January 2026, Starr, a global investment and insurance organization, selected Five Sigma's AI claims platform.
Business overview
Five Sigma develops a cloud-native, data-driven claims management solution (CMS) with embedded AI/machine-learning capabilities for the insurance industry. Its core technology simplifies claims management through automated processing workflows, data modeling, and AI-driven recommendations, aiming to improve adjusters' decision-making and reduce errors. The company serves leading insurance carriers, insurance technology companies, third-party administrators, and self-insured companies, helping them modernize claims operations, reduce leakage, enhance compliance, and improve customer experience within the Fintech & Insurtech sector.
Strategic signal
In January 2026, Starr, a global investment and insurance organization, announced its selection of Five Sigma's AI claims platform to modernize its PC and specialty claims. This partnership signals strong market validation for Five Sigma's AI-driven claims technology, demonstrating its capability to attract and integrate with major players in the insurance sector and indicating potential for further growth and adoption of its solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is Five Sigma's primary offering?
- Five Sigma provides a cloud-native, data-driven claims management solution (CMS) that incorporates AI and machine learning to streamline and enhance claims processing for the insurance industry.
- When was Five Sigma founded and by whom?
- Five Sigma was founded in February 2017 by Oded Barak, Dror Sholomon, Michael Krikheli, and Edan Hanina.
- Which major organization recently partnered with Five Sigma?
- In January 2026, Starr, a global investment and insurance organization, selected Five Sigma's AI claims platform to modernize its PC and specialty claims operations.
- Has Five Sigma received any Series A funding?
- Yes, Five Sigma received an extension of its Series A investment from Aquiline Technology Growth in January 2022.
- Which investors participated in Five Sigma's Series A funding round in September 2021?
- In September 2021, Five Sigma received Series A funding led by 83North, with participation from.