What’s New at F2 | July 21
Yaffa Abadi
August 1, 2021
Five Sigma Partners with Qover to Scale Superior Claims Experience In-House
Five Sigma partners with Qover, a leading insurtech company providing innovative embedded insurance solutions globally, to increase the speed and quality of claims management. Oded Barak, co-founder and CEO of Five Sigma commented:
“Qover is pioneering the embedded insurance vertical for fast growing companies in the B2B2C and B2C space where engaging with customers and clients proactively through digital channels is the key success. We are thrilled to partner with Qover to strengthen its value proposition and support its ambitious growth plans.”
Read more about their strategic partnership
VOOM Names Amir Shneider as Head of Marketing
Voom Insurance, the insurtech company for high-risk vehicles, has recruited the former digital marketing lead at Bank Hapoalim as their new Head of Marketing.
“We’re thrilled to welcome Amir and his entrepreneurial spirit to the VOOM family,” VOOM CEO Tomer Kashi said. “Amir brings with him decades of digital marketing experience, including in the highly regulated markets of fintech and insurtech.”
Read more on their new recruitment
Avo Continues Their Expansion Recruiting 200 New Employees
If you live in Tel Aviv there is no doubt you have seen those green Avo delivery bags floating around. Indeed, the ecommerce platform uniting apartment buildings and companies in Israel and the United States into a consumer network, is growing rapidly and plan on hiring 200 new employees.
To check out the many available job oppertunities: https://www.comeet.com/jobs/avo/C5.00B
Read more on their rapid expansion and future plans
Riskified Goes Public on NYSE at $3.3 Billion Valuation
GP previously backed compay, Riskified, is raising $363 million and an additional $55.1 million, if the underwriters exercise their options. The Israeli ecommerce fraud protection platform is Israel’s 10th company, not including SPAC merger, to hold an IPO on Wall Street this year. Their platform allows merchants to distinguish between legitimate and fraudulent customers, an increasingly essential service as ecommerce booms and along with it, fraudulent activities.
Coralogix raises $55 million Series C to expand data platform
Junction alum, Coralogix, has raised $55M in its Series C funding round and is now valued between $300 and $400 million.
The company, which provides stateful streaming services to engineering teams, has set itself apart from the dozens of companies producing data analytics toold by their bold approach; devising a way to observe abd analyze data streams before they get indexed, providing engineers with far more flexibility to glean more insights faster.
What We Are Reading:
- Why Andreessen Horowitz Is Betting Big on NFTs | Fast Company
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- Embedded Insurance: a $3 Trillion market opportunity that could also help close the protection gap | LinkedIn
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- As Cyberattacks Surge, Security Start-Ups Reap the Rewards | The New York Times
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- Meet Axie Infinity | Infinity Revenue, Infinity Possibilities | The Conversation
