Convr (formerly Datacubes)

Convr (formerly Datacubes) is a data science platform that improves engagement, productivity and profitability in commercial underwriting.

The venture’s platform allows carriers to quote commercial insurance policies with a high level of accuracy through as few as five questions. This is done by analysing internal and external sources of big data, and utilising machine learning AI and Natural Language Processing (NLP) to automatically fill application information. The Convr d3 platform can then generate accurate pricing insights and help underwriters with informed decision making. The process creates a significant increase in productivity for underwriters, and better engagement with customers.

In 2019, the company revealed it had doubled its annual revenue in the past six months and has witnessed solid traction when it comes to addressing a widening technology gap in the $250 billion commercial insurance industry.

In May 2019, a lawsuit was filed against the company and co-founder and CEO Kuldeep Malik by Intellect SEEC, alleging 'orchestrated false and defamatory statements'. Kuldeep previously co-founded Persio, a marketing SaaS platform, which raised a total of $6.6m in funding before being acquired by Clutch for an undisclosed amount.

In August of the same year, Convr announced it had partnered with The Hanover Insurance Group Inc. The partnership enables The Hanover to leverage Convr AI-powered d3 underwriting platform.

In November 2019 Convr raised $15.2m in Series B funding, in a round led by Palm Drive Capital. The new funding will be used for R&D, as well as team growth - Convr stated it planned to add 50 new employees in 2020.

In March 2020 it was revealed that Kuldeep had abruptly left the company 'for Cause', and was replaced by Bruce Simpson.

In May 2020 the company rebranded from Datacubes to Convr.

In October 2020, Convr launched a new complimentary underwriting tool for commercial P&C carriers in the US - Convr Insider. The new solution includes a Covid-19 management dashboard, providing clients to a centralised view of all local Covid-19 insights, as well as a score which predicts the likelihood of a business having an outbreak in the future.