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Sixfold secures $15M Series A funding

Sixfold secures $15M Series A funding
Sixfold secures $15M Series A funding

Sixfold, a NYC-based AI startup in insurance underwriting, raised $15M in Series A funding.

The round was led by Salesforce Ventures, with participation from Scale Venture Partners and previous investors, including Bessemer Venture Partners and Crystal Venture Partners.

The funding will enhance product capabilities, accelerate R&D, and expand the AI/ML engineering team.

Led by CEO Alex Schmelkin, Sixfold's platform integrates with partners like EXL and Guidewire to streamline underwriting processes.

Key clients include AXIS Capital, Zurich Insurance Group, and Generali. The company has seen significant traction within commercial P&C, Specialty, and Life insurance sectors.