About
Snapsheet is a claims management platform serving 170+ customers including 15 of top 20 US P&C carriers. Raised $162M with strategic backing from State Farm Ventures. Manages 4.3M+ claims annually processing $15.3B in indemnity. Achieved profitability and 13% YoY growth in 2023. Launched Snapsheet Total for total loss vehicles in 2024. Founded 2011.
Key Facts
- [1]Funding: Total funding: $162M. Last round: Jul 2023. Stage: Growth.
- [2]Customers: Key customers include Travelers, Allstate.
- [3]Employees: Employee count: 201-500.
- [4]Website: Official website: snapsheetclaims.com.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: Americas (United States).
Founders
CJ Przybyl
Co-founder & CEO
Brad Weisberg
Co-founder
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Snapsheet?
Snapsheet is a claims management platform serving 170+ customers including 15 of top 20 US P&C carriers. Raised $162M with strategic backing from State Farm Ventures. Manages 4.3M+ claims annually processing $15.3B in indemnity. Achieved profitability and 13% YoY growth in 2023. Launched Snapsheet Total for total loss vehicles in 2024. Founded 2011. Snapsheet is classified in the Insurance segment at the Automation layer of the financial AI stack.
Who founded Snapsheet?
Snapsheet was founded by CJ Przybyl (Co-founder & CEO) and Brad Weisberg (Co-founder).
How much funding has Snapsheet raised?
Snapsheet has raised $162M in total funding, placing the company at the Growth stage. The most recent round closed in Jul 2023. Among 45 funded Insurance companies, Snapsheet ranks #27 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Snapsheet use?
Snapsheet primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Snapsheet operate in?
Snapsheet operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Snapsheet headquartered?
Snapsheet is headquartered in Chicago, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Snapsheet's competitors?
Companies similar to Snapsheet in the Insurance space include Greenlite ($20M raised), Trumid ($722M raised), Lemonade ($480M raised), Shift Technology ($320M raised), Akur8 ($160M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. Trumid focuses on ai-powered fixed income trading platform. Lemonade focuses on ai-native insurance company. (Based on AIFI Map classification data.)
What products does Snapsheet offer?
Snapsheet builds automation-layer solutions for the financial services industry. The company's core offering: AI claims automation. The platform is powered by Predictive ML technology. Notable users include Travelers, Allstate.