CHICAGO (Feb. 20, 2019) — DataCubes, the first data science platform for commercial underwriting, today announced that the company has doubled its annual revenue in the past six months and has seen significant traction in its efforts to address a widening technology gap in the $250 billion commercial insurance industry.
In the past year, the company has met exponential demand for its data science technology growing its customer base by 6 times. The company recently partnered with RLI to optimize key portions of RLI’s underwriting processes. Using DataCubes’ AI-powered intake, risk analysis and scoring tools, RLI will be able to provide their agents with quotes faster and with greater accuracy.
DataCubes today also announced that Glenn Cannon has joined the company as vice president of sales. Cannon will oversee the company’s go-to-market operations and will be responsible for accelerating continued growth and scaling market adoption of the company’s innovative commercial underwriting optimization platform.
An accomplished sales leader with a track record of consistently driving significant market growth and building world-class teams, Cannon brings over twenty-five years of industry experience to DataCubes. Most recently as regional sales manager at Applied Systems, the leading global provider of cloud-based insurance software, he led the top performing sales team in the history of the company. Cannon holds a B.A. from The Ohio State University.
“Glenn understands how to help customers embrace cutting-edge technology that will transform productivity and profitability,” said Kuldeep Malik, DataCubes co-founder and CEO. “His experience in increasing sales operational efficiencies will be extremely valuable as we continue to further accelerate our momentum and rapid revenue growth. We are thrilled to have him on board.”
“DataCubes is the only company addressing the industry’s underwriting issues through data science, artificial intelligence and machine learning,” said Glenn Cannon, DataCubes vice president of sales. “DataCubes is going to revolutionize how insurance carriers underwrite and assess risk, and I am thrilled to be joining at such a pivotal time.”
Headquartered in Schaumburg, Illinois, and founded in 2016 by Kuldeep Malik and Harish Neelamana, DataCubes is the first data science platform for commercial underwriting. The company is revolutionizing the commercial underwriting process with cutting-edge data science and machine learning. Commercial carriers of all sizes use DataCubes to make real-time underwriting decisions based on rich data and highly-accurate intelligence gathered by external sources to improve productivity, profitability, efficiency and accuracy. To learn more, visit www.datacubes.com.