# Five Sigma

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/five-sigma

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.fivesigmalabs.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 19, 2022)
- Investors on record: 7

## About

Based in Tel Aviv, Israel, and founded in 2017, Pave Sigma Ltd., trading under the name Pave Sigma Ltd., creates software that helps claims organizations optimize their operations and reduce claims leakage. The company was co-founded by Dror Sholomon, Michael Krikheli, and Oded Barak. In September 2021, the company raised its latest Series A funding co-led by Pipeline Capital, 83North, and F2 Ventures.

The company's SaaS and machine learning technologies and implementation approach helps organizations in making decisions while their software helps them and takes care of everything else. The software offers an insurance claims management process and enables adjusters and management to optimize claims resolution, reduce claims leakage and make claims data available and usable.

The company plans to use its 2021 Series A funding to accelerate growth and expansion plans and continue to deliver solutions for its customers.

## Funding rounds

- Series A, Jan 19, 2022, $2M — Aquiline Capital Partners
- Series A, Sep 13, 2021, $12M — iGlobe Partners, F2 Ventures, 83 North, Pipeline Capital Partners, O.G. Venture Partners, Xceedance

## Investors

- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A
- F2 Ventures (https://capitalatlas.ai/funds/f2-ventures) — Series A
- 83 North (https://capitalatlas.ai/funds/83-north) — Series A
- Pipeline Capital Partners (https://capitalatlas.ai/funds/pipeline-capital-partners) — Series A
- O.G. Venture Partners (https://capitalatlas.ai/funds/o-g-venture-partners) — Series A
- Xceedance — Series A
- Aquiline Capital Partners (https://capitalatlas.ai/funds/aquiline-capital-partners) — Series A