Coherent
Digital products for insurance
- 201-500 employees
- Fintech
- B2B
- Enterprise
- Insurance
- Deep Tech
- SaaS
- Midtown South, New York, NY
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Company mission
To ignite the development of business software for coders and non-coders alike. To help all businesses effortlessly unlock the value of their existing intellectual capital and employee expertise, empowering them to bring their ideas to life themselves.
Our take
Insurance companies that hope to adopt more digital methods face the gargantuan task of transforming their existing processes into applications, which requires vast effort by IT teams as well as the possibility of having to hire additional experts for building code from spreadsheet data. Coherent supplies the insurance industry with a platform for automating the production of enterprise-grade code from spreadsheets, enabling business and IT teams to collaborate more effectively to bring products to market.
Normally, converting from spreadsheets to code would be a manual process, taking weeks or even months. The Coherent Spark platform converts even complex business logic – such as rules and formulas – from spreadsheets into code in a matter of minutes, producing ready-to-use APIs. This process massively speeds up innovation, and reduces both operating costs and risks. Additionally, by using existing spreadsheets, Coherent enables companies to make the most of the intelligence and expertise they already have, on top of reducing workload for IT teams.
Coherent has raised impressive funds to support its continued global expansion and movement into other adjacent industries such as asset management. The investment will also fuel growth in product, engineering and sales teams.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Health Insurance
- Annual Leave
Funding (2 rounds)
Apr 2022
$75m
SERIES B
Nov 2020
$14m
SERIES A
$89m
Total funding
Leadership
John Brisco
(CEO)Non Executive Director at UBX Philippines. Former CIO and COO at Manulife Asia. Previously CIO (Emerging Markets) and COO (Latin America) at QBE Insurance.