Five Sigma

AI Insurance Claim Management Platform

Fintech & Insurtech
Private

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 three funding rounds from seven investors. In January 2026, Starr selected Five Sigma's AI claims platform to modernize its PC and specialty claims.

Business overview

Five Sigma provides a cloud-native, data-driven claims management solution (CMS) with embedded AI and 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, adopted Five Sigma's AI claims platform to modernize its PC and specialty claims. This partnership signals strong market validation for Five Sigma's technology, demonstrating its capability to attract significant players in the insurance sector and reinforcing its position as a key innovator in AI-driven claims management.

Company Intelligence Q&A

What is Five Sigma's primary offering?
Five Sigma offers a cloud-native, data-driven claims management solution (CMS) that incorporates AI and machine-learning to streamline 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.
What was a significant recent partnership for 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.
Which investors participated in Five Sigma's Series A extension round?
In January 2022, Five Sigma announced an extension of its Series A investment from Aquiline Technology Growth.
Who led Five Sigma's Series A funding round?
In September 2021, Five Sigma raised a Series A round of $12 million led by 83North, with participation from.

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