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Five Sigma

Five Sigma is a cloud-native, data-driven Claims Management Solution (CMS) with embedded AI/ML capabilities to allow simple and smart claims processing for the insurance industry. Five Sigma simplifies claims management by adding automated claims processing workflows and using data modeling and AI to provide smart recommendations – improving adjusters’ decision-making and reducing errors. Leading insurance carriers, Insurtech, TPAs and Self-Insured companies use Five Sigma's CMS to modernize their claims operations, reduce claims leakage, enhance compliance, and improve their customer experience.

fivesigmalabs.com

Company Details

Founded

2017

Employees

Between 20 - 100 employees

Raised

$26,000,000

Public

No

Acquired

No

CEO

Oded BarakOded Barak

Founders

Michael Krikheli
Michael Krikheli
Oded Barak
Oded Barak
Dror Sholomon
Dror Sholomon

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