Tech Company Financing Transactions
Sixfold Funding Round
Salesforce Ventures, Bessemer Venture Partners and Crystal Ventures participated in a $15 million Series A venture round for Sixfold. The round was announced on 6/5/2024.
Transaction Overview
Company Name
Announced On
6/5/2024
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to continue building out its team of AI/ML engineers, further enhancing product capabilities and accelerating R&D efforts.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
134 E. 93rd Street 5A
New York, NY 10128
USA
New York, NY 10128
USA
Phone
Undisclosed
Website
Email Address
Overview
Sixfold was created to assist insurance underwriters to increase accuracy, maximize capacity, increase traceability, and improve their overall quality of life. Underwriting is time-consuming and artisanal, with insurers often being forced to prioritize submissions and miss opportunities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Schmelkin
Chief Operating Officer
Jane Tran
Chief Technical Officer
Brian Moseley
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