Archipelago

Data network for insurance risk management

San Francisco, California, United States

About Archipelago

Archipelago operates a data network tailored for insurance brokers and property customers, focusing on enhancing the property risk market. The platform provides accurate and validated data, allowing insurers to easily access and verify information, which helps them stand out in a competitive market. By serving insurance brokers and property owners, Archipelago aims to improve the accuracy and efficiency of risk management processes. The company uses a subscription-based model, where clients pay for access to its data enrichment services and platform. Archipelago's approach has earned it recognition, including the Best in Show award at RIMS RISKWORLD. Through its platform, clients benefit from streamlined processes and improved relationships with underwriters, leading to more favorable insurance outcomes.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$55.5MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Financial ServicesIndustries
51-200Employees

Benefits

Company Equity
Professional Development Budget
Health Insurance
Life Insurance
Disability Insurance
Parental Leave

Risks

Emerging AI-driven platforms could dilute Archipelago's market share.
Rapid AI advancements require continuous R&D investment from Archipelago.
Stricter data protection laws may impact Archipelago's data collection capabilities.

Differentiation

Archipelago offers real-time visibility into commercial property risk management.
The platform provides validated data, moving away from traditional spreadsheets.
Archipelago's subscription model offers data enrichment services for insurance brokers and property owners.

Upsides

Integration of IoT devices enhances risk assessment accuracy for Archipelago.
Parametric insurance models align with Archipelago's data-driven approach.
Demand for ESG data offers expansion opportunities for Archipelago's services.

Funding

Total raised$55.54 M
Latest valuation$184.00 M
StageSERIES_B
EARLY VC
2/29/2020
$6
$30.00 M
SERIES A
8/31/2019
$13
$65.00 M