2024 Revenue
$10.1M
Funding
$20M
YOY
249.6%
Team
53
Founded
2017
How Five Sigma CEO Oded Barak grew to $10.1M revenue with a 53 person team in 2024.
Five Sigma is a B2B insurtech start-up selling SaaS claims management systems to help carriers transform their claims management process
Last updated
Five Sigma Revenue
In 2024, Five Sigma's revenue reached $10.1M. The company previously reported $3.6M in 2024. Since its launch in 2017, Five Sigma has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Five Sigma Hit $10.1m revenue in November 2024 | |
| 2024 | Five Sigma Hit $3.6m revenue in October 2024 | |
| 2023 | Five Sigma Hit $2.9m revenue in October 2023 | |
| 2021 | Five Sigma Hit $1.3m revenue in September 2021 | |
| 2017 | Launched with $0 revenue |
Five Sigma Valuation, Funding Rounds
Five Sigma has not publicly disclosed its valuation. The company has raised $20M in total funding to date.
Five Sigma has raised $20M in total funding across 3 rounds, most recently a $2M Series A round in 2022.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2022 | Series A | $2M | - | - | |
| 2021 | Series A | $12M | - | - | |
| 2019 | Seed Round | $6M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Five Sigma yet.
Five Sigma Employees & Team Size
Five Sigma employs approximately 53 people as of 2026.
| Year | Milestone |
|---|---|
| 2024 | Reached 53 employees (October 2024) |
| 2023 | Reached 53 employees (October 2023) |
| 2022 | Reached 53 employees (October 2022) |
| 2022 | Reached 24 employees (January 2022) |
| 2021 | Reached 28 employees (December 2021) |
| 2021 | Reached 13 employees (September 2021) |
Frequently Asked Questions about Five Sigma
What is Five Sigma's revenue?
Five Sigma generates $10.1M in revenue.
Who founded Five Sigma?
Five Sigma was founded by Oded Barak.
Who is the CEO of Five Sigma?
The CEO of Five Sigma is Oded Barak.
How much funding does Five Sigma have?
Five Sigma raised $20M.
How many employees does Five Sigma have?
Five Sigma has 53 employees.
Where is Five Sigma headquarters?
Five Sigma is headquartered in Tel Aviv, Israel.
Compare Five Sigma to the industry
Five Sigma operates across multiple industries. Browse revenue, funding, and growth data for Five Sigma in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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