Slice Labs is a technology company.
Slice Labs has raised $36.0M across 3 funding rounds.
Slice Labs has raised $36.0M in total across 3 funding rounds.
Slice Labs has raised $36.0M in total across 3 funding rounds.
Slice Labs's investors include Aleph VC, Anthemis Group, Munich Re / HSB Ventures, Oak HC/FT, Thompson Hutton, LLC, Marc Benioff, Sean Park.
Slice Labs is an insurtech company founded in 2015 that provides a cloud-based digital platform for on-demand insurance products, primarily targeting small to midsize businesses in sectors like contractors, commercial real estate, hospitality, retail, and manufacturing[1][3][5][7]. It solves outdated insurance processes by using AI, machine learning, large language models, and behavioral science to enable real-time quoting, instant policy issuance, automated underwriting, and personalized risk modeling through products like Slice Insurance Cloud Services (ICS) and Slice Mind[1][2][7]. Serving insurers, MGAs, agents, distributors, and tech platforms, Slice streamlines the policy lifecycle, partners with giants like AXA XL, Progressive, Lenovo, and Microsoft, and drives growth via embedded, pay-as-you-go digital insurance for emerging needs like homeshare, cyber, contractors' general liability, and rideshare[1][2][3][5].
The company, headquartered in New York with around 35-50 employees, blends insurance expertise and tech to eliminate friction, powering intelligent products that predict risks and enhance decision-making[1][3][7].
Slice Labs emerged in 2015 amid the rise of the sharing economy, targeting underserved markets like homesharing with innovative, on-demand insurance that blends personal and commercial coverage via digital automation[3][5][6]. Founders leveraged expertise in insurance and technology to disrupt legacy systems, starting with products like homeshare and cyber insurance, which gained quick traction through partnerships with global insurers[2][6]. Key early milestones include proving its ICS model for cloud-based services, expanding to small business lines, and launching Slice Mind—a new AI/ML-driven unit for risk prediction and personalization—building on successes in property & casualty insurance[2][7]. Led by CEO Tim Attia, CTO Stuart Baserman, and executives like VP Product Management Lore Farrell, the company evolved from a startup (under 3 years to production in some accounts) into a benchmark for insurtech innovation, as highlighted in Celent's case study on its disruptive approach[1][6].
Slice Labs rides the insurtech wave and embedded insurance trend, where real-time, data-driven coverage integrates into digital ecosystems like gig platforms and small business tools, fueled by the sharing economy's growth and demand for frictionless protection[2][5][6]. Timing aligns with rising AI adoption in insurance for personalization and risk prediction, as carriers seek data analytics to combat inefficiencies amid blockchain-enhanced transparency and on-demand needs[1][5]. Market forces like simplifying additional insured requirements and B2B2X collaborations favor Slice, positioning it to accelerate the shift from static policies to dynamic, API-embedded solutions[5][7]. By enabling insurers and tech providers to launch intuitive products, Slice influences the ecosystem, benchmarking disruption and speeding adoption in property & casualty segments[2][6].
Slice Labs is poised to expand Slice Mind's AI capabilities into more predictive services, targeting rideshare and beyond while deepening embedded insurance integrations amid surging demand for real-time, personalized coverage[2][7]. Trends like AI-driven underwriting, behavioral data, and cloud ecosystems will propel growth, especially as small businesses digitize and global partnerships scale distribution. Its influence may evolve from disruptor to infrastructure layer, powering the "insurance engine" for tomorrow's on-demand economy and redefining accessibility in a market ripe for tech-led transformation—echoing its founding mission to modernize outdated processes[2][3].
Slice Labs has raised $36.0M across 3 funding rounds. Most recently, it raised $20.0M Series A in September 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2018 | $20.0M Series A | Aleph VC, Anthemis Group, Munich Re / HSB Ventures, Oak HC/FT, Thompson Hutton, LLC, Marc Benioff, Sean Park | |
| Oct 1, 2017 | $12.0M Series A | Aleph VC, Anthemis Group, Munich Re / HSB Ventures, Oak HC/FT, Thompson Hutton, LLC, Marc Benioff, Sean Park | |
| Mar 1, 2016 | $4.0M Seed | Aleph VC, Thompson Hutton, LLC, Marc Benioff |