When was NetRate Systems founded?

NetRate Systems was founded in 1998 and raised its 1st funding round 20 years after it was founded.

Where is NetRate Systems located?

NetRate Systems is headquartered in Meridian charter Township, United States. It is registered at Okemos, Michigan.

How many employees does NetRate Systems have?

As of Dec 31, 2022, the latest employee count at NetRate Systems is 39.

Is NetRate Systems a funded company?

NetRate Systems is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Jun 07, 2018.

When was the latest funding round of NetRate Systems?

NetRate Systems' latest funding was a $***** PE round on Jun 07, 2018, with participation from 1 investor.

Where does NetRate Systems rank among its competitors?

NetRate Systems ranks 19th amongst 60 active competitors, of which 10 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Artificial Labs, which secured $45M in Feb, 2026.

Who are the top competitors of NetRate Systems?

NetRate Systems' top competitors include Artificial Labs, CoverSure and Web Connectivity. Among them, Artificial Labs secured the most recent funding round in February, 2026.

NetRate Systems - 2026 Company Profile, Funding & Competitors

Company Details

Insurance industry technology backbone empowering agents, carriers, and MGAs. They provide SaaS solutions, connectivity, and rating tools, leveraging artificial intelligence, machine learning, and data analytics. They offer agency management systems, insurance rating software, and project management software. Their products facilitate insurance distribution, streamline workflows, and improve client communication. They empower the insurance channel for the future by transforming business and relationships. They provide cloud-based solutions for managing agencies, engaging clients, leveraging analytics, and ensuring credentialing and compliance. They offer rating, quoting, and connectivity solutions, including commercial submissions and policy rating. They also provide data and information management tools, carrier ecosystems, and MGA systems. They offer policy issuance and premium financing solutions.

Website: netrate.com
Social
Phone Number: +1 **********
Part Of
Registered Address: Okemos, Michigan

Key Metrics

Founded Year

1998

Location

Meridian charter Township, United States

Stage

Late Stage

Latest Funding Round

PE, Jun 07, 2018, $*****

Investors

Polaris Partners

Ranked

19^th among 60 active competitors

Employee Count

39 as on Dec 31, 2022

Similar Companies

Artificial Labs & 67 more

View NetRate Systems' full profile

NetRate Systems is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NETRATE SYSTEMS, INC. CIN: 383452062 , United States, Active	Dec 26, 999	-	39 (As on Dec 31, 2020)	-

NetRate Systems has raised funding over 1 round. Its latest funding round was a PE round on Jun 07, 2018 for $*****. 1 investor participated in its latest round. NetRate Systems has 1 institutional investor.

Here is the list of recent funding rounds of NetRate Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 07, 2018	4096620	PE	1233522	5373651	2684025	9602459

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View details of NetRate Systems's funding rounds and investors

NetRate Systems' employee count trend

NetRate Systems has 39 employees as of Dec 22. The total employee count is 3.0% more than what it was in Dec 21. Here is NetRate Systems's employee count trend over the years:

Employee count trend for NetRate Systems

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Top competitors of NetRate Systems include Artificial Labs, CoverSure and Web Connectivity. Here is the list of Top 10 competitors of NetRate Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Artificial Labs 2013, London (United Kingdom), Series B	Software solutions provider for Insurers	$72.1M	Force Over Mass, Augmentum Fintech & 9 others	62/100
2nd	CoverSure 2023, Mumbai (India), Seed	Provider of insurance portfolio management, risk calculation, and advisory services	$6.6M	Enam Holdings, Volrado Venture Partners & 1 others	52/100
3rd	Web Connectivity 2003, London (United Kingdom), Acquired	Software solution provider for insurance business processes	-	-	51/100
4th	Leonteq 2007, Zurich (Switzerland), Public	Products and Services provider for Structured Products	-	VERAISON Capital	51/100
5th	SCM 1986, Edmonton (Canada), Acquired	Tech enabled support to insurance industry participants	-	Warburg Pincus, Ares Capital Corporation & 2 others	49/100
6th	Sagitec 2004, Saint Paul (United States), Funding Raised	Pension administration & unemployment insurance software provider	-	KIC Ventures	40/100
7th	DigiSure 2019, San Francisco (United States), Series B	Provider of digital insurance management system for mobility and sharing platforms	$13.1M	Morado Ventures, Alchemy Crew & 9 others	39/100
8th	Gradatim 2006, Bengaluru (India), Series A	SaaS based insurance and banking solutions for businesses	$5.57M	New Enterprise Associates, Reliance Capital ... & 14 others	39/100
9th	Yasmina 2018, United Arab Emirates, Seed	Provider of AI-enabled insurance policy management solutions	$2M	500 Global, Scene Holding & 4 others	38/100
10th	Hearti Lab 2015, Singapore (Singapore), Funding Raised	AI-based claim management crypto platform for insurers and banks	-	Plug and Play APAC, First Envoy & 14 others	38/100
19th	NetRate Systems 1998, Meridian charter Township (United States), Late Stage	Insurance industry technology backbone empowering agents, carriers, and MGAs	-	Polaris Partners	34/100