BriteCore - About the company
BriteCore is a series B company based in Springfield (United States), founded in 2004 by Phil Reynolds. It operates as a Cloud-based insurance policy management solutions for property and casualty insurance. BriteCore has raised $62.6M in funding from Warburg Pincus and Radian Capital. The company has 889 active competitors, including 115 funded and 100 that have exited. Its top competitors include companies like Guidewire, Duck Creek and FintechOS.
Company Details
Cloud-based insurance policy management solutions for property and casualty insurance. It offers solutions for task management, optimizing workflows, product management, rating modification, and more. It also offers claim management, financial and regulatory reporting, billing management, and more.
- Website
- www.britecore.com/
Key Metrics
Founded Year
2004
Location
Springfield, United States
Stage
Series B
Total Funding
$62.6M in 4 rounds
Latest Funding Round
Investors
Ranked
32nd among 889 active competitors
Employee Count
97 as on Aug 31, 2026
Legal entities associated with BriteCore
BriteCore is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Intuitive Web Solutions, LLC CIN: 20-1878340 , United States, Active | Nov 08, 2004 | $1M - $5M (As on May 21, 2012) | 53 (As on Dec 31, 2024) | - |
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BriteCore's funding and investors
BriteCore has raised a total funding of $62.6M over 4 rounds. Its first funding round was on Jul 12, 2011. Its latest funding round was a Series B round on Jul 15, 2019 for $*****. 3 investors participated in its latest round. BriteCore has 4 institutional investors.
Here is the list of recent funding rounds of BriteCore:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 15, 2019 | 6116452 | Series B | 8474600 | 4842748 | 2148790 | 6633335 |
May 09, 2018 | 3546331 | Series A | 5491286 | 5934448 | 7633023 | 6506491 |
Apr 04, 2013 | 1535283 | Series A | 5101270 | 1307274 | 2186826 | 7802422 |
View details of BriteCore's funding rounds and investors
BriteCore's founders and board of directors
Founder? Claim ProfileThe founders of BriteCore is Phil Reynolds.
Here are the details of BriteCore's key team members:
- Phil Reynolds: Co-Founder of BriteCore.
BriteCore's Board of Directors
BriteCore's board has 2 active members. Christopher M. Reynolds and Phillip D. Reynolds are independent board members.Here is the list of BriteCore's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 15y 2m | |
bijadbp | Independent board member | - | Current | 4y 6m |
View details of BriteCore's Founder profiles and Board Members
BriteCore's employee count trend
BriteCore has 97 employees as of Aug 26. Here is BriteCore's employee count trend over the years:
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BriteCore's Competitors and alternates
Top competitors of BriteCore include Guidewire, Duck Creek and FintechOS. Here is the list of Top 10 competitors of BriteCore, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Guidewire 2001, San Mateo (United States), Public | Developer of software platforms for property and casualty insurance operations | - | 77/100 | |
2nd | Duck Creek 2000, Boston (United States), Acquired | Provider of cloud-based solutions for property and casualty and general insurance | $350M | 71/100 | |
3rd | FintechOS 2017, London (United Kingdom), Series B | Provider of AI-based software suite for the banking and insurance industry | $174M | 68/100 | |
4th | Insurity 1985, Hartford (United States), Acquired | AI and cloud-based policy management and claims administration solutions | $57M | 68/100 | |
5th | Bold Penguin 2016, Columbus (United States), Acquired | Software suite for the commercial insurance industry | $50.1M | 67/100 | |
6th | Hyperexponential 2017, London (United Kingdom), Series B | Developer of software for commercial insurance pricing and underwriting workflows | $91M | 65/100 | |
7th | Cloud-based software solutions for credit insurers, surety bonds & trade finance | $147M | 65/100 | ||
8th | FurtherAI 2023, San Francisco (United States), Series A | AI-powered automation platform for insurance industry tasks | $35.6M | 64/100 | |
9th | Roadzen 2015, Burlingame (United States), Public | AI-driven auto insurance provider | - | 63/100 | |
10th | Provider of a platform for AI decision-making in banking and insurance | $97.5M | 63/100 | ||
32nd | BriteCore 2004, Springfield (United States), Series B | Cloud-based insurance policy management solutions for property and casualty insurance | $62.6M | 55/100 |
Looking for more details on BriteCore's competitors? Click here to see the top ones
BriteCore's Investments and acquisitions
BriteCore has made no investments or acquisitions yet.
Reports related to BriteCore
Here is the latest report on BriteCore's sector:
News related to BriteCore
Media has covered BriteCore for a total of 8 events in the last 1 year, 5 of them have been about company updates.
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BriteCore Unveils AI Strategy for P&C Insurers, Launches First Wave of Embedded AI CopilotsGlobeNewswire•May 20, 2026•BriteCore
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Discovery Insurance Selects BriteCore to Modernize Policy AccessibilityGlobeNewswire•Apr 09, 2026•BriteCore, Discovery Insurance
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BriteCore Expands Solution Marketplace with New Risk, Claims and Data Intelligence PartnersGlobeNewswire•Mar 31, 2026•BriteCore
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BriteCore Recognized as a Top 50 Financial Technology Company of 2025GlobeNewswire•Jan 14, 2026•BriteCore
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BriteCore Named Top 50 Software Company of 2025 by The Software ReportGlobeNewswire•Nov 20, 2025•BriteCore
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BriteCore Unveils Core System Innovations to Transform Claims, Payments, and AIGlobeNewswire•Sep 29, 2025•BriteCore
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BriteCore Appoints Chief Revenue Officer to Drive Growth and Market ExpansionGlobeNewswire•Sep 03, 2025•Litera, BriteCore
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BriteCore Named a Top 25 InsurTech Company of 2025 by The Financial Technology ReportGlobeNewswire•May 29, 2025•BriteCore
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