Earnix raises $75 million
Tel Aviv-based Earnix , a software platform for pricing analytics and optimization used by insurance and retail banking organizations, has raised $75 million in a Series D round led by Insight Partners, with existing investors JVP, Vintage Partners and Israel Growth Partners joining the round. The company has now reached a $1 billion valuation.
Founded in 2001, the company (a team of ~205) offers a SaaS platform that provides AI-driven automated rating, pricing, and product personalization solutions for insurance and banking companies. Earnix’s insurance partners include AXA, Generali, MAPFRE, Vitality, and Verti among others.
According to the company, the funding will go toward a global expansion into new market segments and regions, increasing investment in product innovation, hiring and supporting M&A activities.