BriteCore
Financials
Estimates*
USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 7.2m | 16.4m | 50.0m | 50.0m | 50.0m | 50.0m | 50.0m |
% growth | - | 128 % | 205 % | - | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $600k | Early VC | |
N/A | $1.0m | Early VC | |
N/A | $13.5m | Late VC | |
$47.5m | Late VC | ||
$20.0m Valuation: $238m | Series C | ||
Total Funding | CAD113m |
Related Content
Recent News about BriteCore
EditBriteCore is a cloud-native core insurance platform designed to enhance efficiency and configurability for insurers. Serving a diverse range of insurance carriers, BriteCore operates within the insurance technology market, providing solutions that streamline policy administration, claims processing, and billing. The business model revolves around a Software-as-a-Service (SaaS) approach, where clients subscribe to use the platform, ensuring continuous revenue streams. BriteCore makes money through subscription fees, customization services, and support packages. The platform's key features include seamless third-party data integration, intuitive user interfaces, and robust configurability, which allow insurers to adapt quickly to market changes. BriteCore's clientele benefits from quicker transaction times, improved operational efficiency, and enhanced customer satisfaction. The company has been recognized by Aite Group as 'Best In Class' for its external third-party data integration capabilities, underscoring its industry leadership.
Keywords: cloud-native, insurance platform, SaaS, policy administration, claims processing, billing, third-party integration, configurability, efficiency, insurance carriers.