Planck raises $16 million to underwrite commercial insurance risk

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AI commercial insurance platform Planck today announced it raised $16 million in equity financing, a portion of which came from Nationwide Insurance’s $100 million venture investment fund. CEO Elan Tsur says the proceeds will be used to finance expansion into geographies including Germany (in 2021) as the company works with U.S.-based commercial carriers including Chubb,  » ….