When was Open founded?

Open was founded in 2016 and raised its 1st funding round 4 years after it was founded.

Where is Open located?

Open is headquartered in Sydney, Australia.

How many employees does Open have?

As of Sep 30, 2026, the latest employee count at Open is 144.

Is Open a funded company?

Open is a funded company, having raised a total of $53M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 11, 2020.

How much is Open worth?

The latest valuation of Open is $***** as of Aug 31, 2021.

When was the latest funding round of Open?

Open's latest funding was a $***** Series B round on Aug 31, 2021, with participation from 3 investors.

Where does Open rank among its competitors?

Open ranks 8th amongst 130 active competitors, of which 41 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Cover Genius, which secured $111M in Jun, 2026.

Who are the top competitors of Open?

Open's top competitors include Bolttech, Akur8 Technologies and Zopper. Among them, Cover Genius secured the most recent funding round in June, 2026.

Open - 2026 Company Profile, Team, Funding & Competitors

Company Details

AI-based software suite for the insurance industry. It offers agency management software for brokers, AI-based point of the sales platform for brands, and administration, compliance, and distribution for insurers. It also offers instant claims platform for policyholders to submit claims online. It also offers policy management solutions for policyholders.

Website: www.beopen.com/
Social
Phone Number: +61 **********

Key Metrics

Founded Year

2016

Location

Sydney, Australia

Stage

Series B

Total Funding

$53M in 2 rounds

Latest Funding Round

Series B, Aug 31, 2021, $*****

Post Money Valuation

$***** as on Aug 31, 2021

Investors

Movac & 6 more

Ranked

8^th among 130 active competitors

Employee Count

144 as on Sep 30, 2026

Investment & Acquisitions

So-Sure

Similar Companies

Zopper & 71 more

View Open's full profile

Open is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OPEN TECHNOLOGY COMPANY PTY LTD CIN: 612669548 , Australia, Active	May 26, 2016	-	-
OPEN INSURANCE PTY LTD CIN: 166949444 , Australia, Active	Nov 25, 2013	-	-

Open has raised a total funding of $53M over 2 rounds. Its first funding round was on Aug 11, 2020. Its latest funding round was a Series B round on Aug 31, 2021 for $*****. 3 investors participated in its latest round. Open has 7 institutional investors.

Here is the list of recent funding rounds of Open:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 31, 2021	1459614	Series B	7793186	2760287	9764141	2297656
Aug 11, 2020	6909803	Series A	8460172	2498608	AirTree	6860096

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View details of Open's funding rounds and investors

The founders of Open are Jonathan Buck and Jason Wilby.

Here are the details of Open's key team members:

Jonathan Buck: Co-Founder of Open and founder of 4 other companies, including Huddle, Auxilio Ventures and Huddle.
Contact Info: 4 email addresses
Jason Wilby: Co-Founder of Open and founder of 2 other companies, Huddle and Huddle.
Contact Info: 4 email addresses

View details of Open's Founder profiles and Board Members

Open's employee count trend

Open has 144 employees as of Sep 26. Here is Open's employee count trend over the years:

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Top competitors of Open include Bolttech, Akur8 Technologies and Zopper. Here is the list of Top 10 competitors of Open, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bolttech 2020, Singapore (Singapore), Series C	Provider of digital infrastructure for embedding insurance into customer journeys	$640M	Activant Capital, Dragon Funds & 22 others	73/100
2nd	Akur8 Technologies 2018, Paris (France), Series C	Provider of pricing and reserving platform for the insurance industry	$180M	FinTLV, Kamet & 8 others	68/100
3rd	Zopper 2011, Noida (India), Acquired	Provider of API-enabled insurance distribution and management solutions	$125M	Tiger Global Management, Elevation Capital ... & 26 others	67/100
4th	Bharatsure 2021, Mumbai (India), Seed	Provider of technology and infrastructure for employee benefits and embedded insurance	$3.25M	Inflection Point Ventures, We Founder Circle ... & 150 others	66/100
5th	Cover Genius 2014, New York City (United States), Series F	Provider of a software suite for the insurance industry	$355M	King River, Spark Capital & 13 others	65/100
6th	Qover 2016, Brussels (Belgium), Series C	Software suite for the insurance industry	$100M	Anthemis Group, Alven & 12 others	63/100
7th	Sure 2013, San Diego (United States), Series C	Insurance as a service platform for insurance carriers and other businesses	$123M	Kinnevik, IA Capital Group & 25 others	62/100
8th	Open 2016, Sydney (Australia), Series B	AI-based software suite for the insurance industry	$53M	Seven West Media, Latitude & 5 others	60/100
9th	Boost 2017, New York City (United States), Series B	Provider of infrastructure for digital insurance programs, MGAs, and embedded insurance	$37M	RRE Ventures, Norwest & 14 others	60/100
10th	Shepherd 2020, San Francisco (United States), Series B	Insurance software suite for businesses	$67M	Spark Capital, Susa Ventures & 9 others	59/100