Where is Sixfold headquartered?

Sixfold is headquartered in New York City, United States. The company has a team of 101-500 people.

What does Sixfold do?

Sixfold operates in the AI in Fintech sector. Sixfold is an agentic AI underwriting platform ('AI Underwriter') that helps insurance carriers assess risk, summarize documents, and speed up underwriting decisions across Property & Casualty and Life & Health lines. Sixfold acts as an AI underwriting brain that reads complex submission documents (loss runs, SOVs, APS, labs, Rx history), scores risk with explainable, source-cited signals, and recommends next-best actions — cutting review time and increasing quote-to-bind ratios for underwriters.

When was Sixfold founded?

Sixfold was founded in 2023. It is based in New York City, United States.

Who is the CEO of Sixfold?

Alex Schmelkin is the CEO of Sixfold. The company was founded in 2023.

Where is Sixfold located?

Sixfold is headquartered in New York City, United States.

What funding stage is Sixfold at?

Sixfold is currently at the Series B stage.

How many employees does Sixfold have?

Sixfold has approximately 101-500 employees.

Sixfold

Category: AI in Fintech

Sixfold is an agentic AI underwriting platform ('AI Underwriter') that helps insurance carriers assess risk, summarize documents, and speed up underwriting decisions across Property & Casualty and Life & Health lines. Sixfold was founded in 2023. The company is led by Alex Schmelkin. Based in New York City, United States. Team size: 101-500. Total funding raised: $51.5M. Latest round: Series B. Key investors include Brewer Lane Ventures, Guidewire, Bessemer Venture Partners, Salesforce Ventures, Scale Venture Partners.

Founded: 2023
Headquarters: New York City, United States
Team size: 101-500
Total funding: $51.5M

Value proposition

Sixfold acts as an AI underwriting brain that reads complex submission documents (loss runs, SOVs, APS, labs, Rx history), scores risk with explainable, source-cited signals, and recommends next-best actions — cutting review time and increasing quote-to-bind ratios for underwriters.

Products and solutions

Sixfold AI Underwriter platform for Property & Casualty (submission triage, loss run/SOV parsing, risk scoring, appetite/portfolio fit) and Life & Health (APS/labs/Rx summarization, impairment and mortality factor surfacing), integrates into existing underwriting workbenches and policy admin systems.

Unique value

Purpose-built, explainable AI underwriting agent with citation-backed risk signals, deep integration into carriers' existing workflows (near-zero time to value), used in production at global scale (1.5M+ submissions processed, 90%+ average adoption rate, $265B+ GWP supported).

Target customer

Commercial P&C and Life & Health insurance carriers, MGAs, and reinsurers globally.

Industries served

Insurance (P&C and Life & Health underwriting)

Technology advantage

Agentic AI architecture specialized for underwriting workflows, explainable/source-cited risk scoring, over 100 billion tokens processed (recognized by OpenAI DevDay 2025), Responsible AI framework built for EU AI Act and Colorado AI Act compliance; SOC 2, HIPAA, GDPR compliant.

How they differentiate

Focus on end-to-end agentic underwriting (not just a point tool), explainable/citation-backed risk narratives, deep native integration into carrier systems, and proven production scale (1.5M+ submissions across 50+ lines of business).

Main competitors

Federato, Further AI, Cytora

Key partnerships

Strategic investment and partnership with Guidewire, Lloyd's Lab Cohort 12, integrations across major insurer workbenches, customers/partners include Zurich North America, Skyward Specialty, Guardian, Generali GC&C, AXIS, Mosaic Insurance.

Notable customers

Zurich North America, Skyward Specialty, Guardian, Generali Global Corporate & Commercial, AXIS, Mosaic Insurance

Major milestones

2023: Founded, launched with $6.5M seed, 2024: $15M Series A led by Salesforce Ventures, 2025: Surpassed 100 billion tokens processed (recognized at OpenAI DevDay), joined Lloyd's Lab Cohort 12, won Zurich Innovation Championship, 2026: Launched 'AI Underwriter' agentic product and raised $30M Series B led by Brewer Lane with strategic investment from Guidewire, bringing total funding to over $50M.

Growth metrics

Processed over 1.5 million underwriting submissions across 50+ lines of business, 90%+ average adoption rate among users, supporting insurers representing $265B+ in gross written premium; Skyward cut quote response time by 35% across 11 teams and went live in 10 weeks; Zurich expanded to 12 offices in under 6 months, saving up to 2 hours per submission across 200+ underwriters; company-reported results include 50% improved efficiency, 15% increased quote-to-bind ratio, 30% more GWP per underwriter.

Market positioning

Category leader positioning itself as 'the AI Underwriter' for global P&C and Life & Health insurers, emphasizing production-grade deployment over pilot/POC-stage AI tools.

Geographic focus

North America, UK, Europe, Latin America, Australia

About Alex Schmelkin

Serial entrepreneur with 20+ years in insurance/finance; co-founded Unqork and Cake & Arrow before launching Sixfold in 2023.

Latest news about Sixfold

Sixfold has raised 30 million dollars in Series B to scale agentic AI, supporting 265 billion dollars in gross written premium. Zurich North America saves 2 hours per submission, with quote times drop

More AI in Fintech companies

Official website: https://www.sixfold.ai