News and critical insights into the people, companies
and technologies that are shaping our future.

Founded in 2016 by industry veterans Elad Tsur, Amir Cohen, and David Shapiro, Planck set out to revolutionize commercial insurance underwriting through AI and data. Their deep expertise, particularly in AI, allowed them to introduce groundbreaking products that addressed critical industry pain points. These innovations not only improved underwriting efficiency but also set new standards for accuracy, enabling Planck to secure clients like AIG, Chubb, Allianz, and Sompo.

In an industry that is too often judged by its failures rather than its successes, for a second year in a row, we chose to celebrate the wins and innovation within our field, from which we emerge a stronger community. 

As we wrap up this year’s annual Team8 CISO Village summit in California, I wanted to take a moment to reflect and share some insights. These insights come from the numerous sessions led by world-class experts, engaging conversations with dozens of CISOs, and listening in to the group discussions throughout the summit.

The acceleration of AI innovation has generated a sense of urgency for employers to integrate AI responsibly into their operations. In the realm of employee health benefits, handling sensitive data and ensuring fair, unbiased decisions is paramount. Over the past two years, many employers have grappled with two recurring strategies to mitigate AI-related risks: focusing on smaller experiments with clear use cases and adopting a deliberate approach to AI governance.

As enterprises race to leverage AI for competitive advantage, the complexity and scope of associated risks continue to grow. Anticipating and preparing for these risks is crucial for any organization aiming to harness the full potential of AI technologies. To provide much-needed guidance in this transformation, we published “The Road to Enterprise-Ready AI”, a comprehensive…

The American healthcare system is facing multiple challenges – rising costs, increasing demand, and difficulty maintaining care quality. At Team8, we believe that technology has the potential to reverse these trends and transform healthcare for the better. Digital transformation is at the heart of promising new care delivery and payment models, from employer-sponsored health plans…

april, the AI-powered tax platform and Team8 portfolio company, has revolutionized tax filing by translating the 70,000+ page tax code into a user-friendly, mobile-first experience. This year, april partnerships with over 20 financial brands, including popular payroll, neobanking, and investment apps, to make the tax season a lot more pleasant for Americans. And the response was overwhelmingly positive, with 98% of users filing on a phone or tablet.

Team8 is pleased to release our Data Infrastructure Market Map for 2024, our first annual update to the inaugural Data Map released in 2023. We are also excited to unveil our new AI Landscape Map, which we will introduce in more detail below. In this article, we’ll detail the major changes to the maps including categories that have consolidated or emerged to address problems in a new way.

In today’s fast-paced business world, accurate information is key. Yet, many CFO organizations struggle with data visibility, hindering effective financial strategies.  That’s where Panax steps in with its innovative liquidity management platform. We’re excited to lead Panax’s $15 million funding round, and believe in their ability to become a market leader, helping finance teams adapt to the digital age. Here’s why we’re backing Panax:

Today, Team8 Portfolio company Nagomi, aptly named after the Japanese concept of balance, announces its $30 million Series A investment and launch. The $23M Series A funding round for Nagomi was led by TCV, with participation from CrowdStrike, Okta, and Team8, who led the previously unannounced $7M Seed Round. This major investment underscores the industry’s strong recognition of Nagomi’s approach to proactive threat management.

Recent years have ushered in an unprecedented wave of unicorns, startups that have defied all expectations to reach a billion-dollar valuation. In the context of the 2021 tech bubble – and the subsequent market correction – claims to the title for some companies in this camp were either premature or unwarranted. The hard truth is that achieving unicorn status signifies more than just financial success; it reflects a company’s capacity to disrupt the status quo with innovative solutions and exceptional business agility and resilience. 

There’s a new addition to the Team8 portfolio, and one we’re particularly excited about. Today, we are announcing our $8.3M Seed investment in Fijoya – a startup launched in the Team8 Digital Health Foundry, co-founded by serial entrepreneurs Baruch Levy and Sagi Polani.