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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.
Social
X
Key Metrics
Founded Year
2004
Location
Springfield, United States
Stage
Series B
Total Funding
$62.6M in 4 rounds
Latest Funding Round
Ranked
Employee Count
97 as on Aug 31, 2026
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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:lockFilter 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
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BriteCore's founders and board of directors

Founder? Claim Profile
The founders of BriteCore is Phil Reynolds.
Here are the details of BriteCore's key team members:

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

BriteCore's employee count trend

BriteCore has 97 employees as of Aug 26. Here is BriteCore's employee count trend over the years:
Employee count trend for BriteCore
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Guidewire
Guidewire
2001, San Mateo (United States), Public
Developer of software platforms for property and casualty insurance operations
-
77/100
2nd
Logo for Duck Creek
Duck Creek
2000, Boston (United States), Acquired
Provider of cloud-based solutions for property and casualty and general insurance
$350M
71/100
3rd
Logo for FintechOS
FintechOS
2017, London (United Kingdom), Series B
Provider of AI-based software suite for the banking and insurance industry
$174M
68/100
4th
Logo for Insurity
Insurity
1985, Hartford (United States), Acquired
AI and cloud-based policy management and claims administration solutions
$57M
68/100
5th
Logo for Bold Penguin
Bold Penguin
2016, Columbus (United States), Acquired
Software suite for the commercial insurance industry
$50.1M
67/100
6th
Logo for Hyperexponential
Hyperexponential
2017, London (United Kingdom), Series B
Developer of software for commercial insurance pricing and underwriting workflows
$91M
65/100
7th
Logo for Tinubu
Tinubu
2000, Moulineaux (France), Series D
Cloud-based software solutions for credit insurers, surety bonds & trade finance
$147M
65/100
8th
Logo for FurtherAI
FurtherAI
2023, San Francisco (United States), Series A
AI-powered automation platform for insurance industry tasks
$35.6M
64/100
9th
Logo for Roadzen
Roadzen
2015, Burlingame (United States), Public
AI-driven auto insurance provider
-
63/100
10th
Logo for Earnix
Earnix
2001, Ramat Gan (Israel), Series D
Provider of a platform for AI decision-making in banking and insurance
$97.5M
63/100
32nd
Logo for BriteCore
BriteCore
2004, Springfield (United States), Series B
Cloud-based insurance policy management solutions for property and casualty insurance
$62.6M
55/100
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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

lockFilter this list
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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