Insuretech Innovator, Five Sigma, Raises $12 Million to Accelerate Growth and Expansion Plans

TEL AVIV, Israel--(BUSINESS WIRE)--Five Sigma, an industry leading claims platform provider, has raised $12M in a Series A round led by 83North and featuring existing investors F2 Venture Capital and Pipeline Capital. New investors include Eyal Ofer’s O.G. Tech, Xceedance and iGlobe Partners. This brings the company’s total funding to date to $18M. Five Sigma delivers a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that enables insurance firms to handle c