DataCubes is the first underwriting decisioning platform for commercial property and casualty insurance. Leveraging machine learning and artificial intelligence software, DataCubes provides commercial carriers of all sizes the ability to make real-time underwriting decisions. The intelligence gathered provides efficient, accurate, and productive steps forward for DataCubes' clients. The company was founded in 2016 by Kuldeep Malik and Harish Neelamana and is headquartered in Schaumburg, IL. This round of funding will support research and development as well as help DataCubes add 50 new employees in 2020.
The Series B funding round, which was led by Palm Drive Capital, included participation from Altos Ventures, NFP Ventures, Stage 2 Capital, MPK Equity Partners and existing investors including Seyen Capital and MK Capital. In total, DataCubes has raised nearly $18 million in less than three years.
Read the PRNewswire press release here.
HMB's team was led by Jeffrey Hechtman, Casey Rivard and Raymond Jacobi III. Learn more about HMB's Venture Capital and Emerging Companies practice here.