Earnix

A veteran company from before the wave

Earnix has been operating since 2001. According to CTech, in 2021 the company was headquartered in Givatayim and had 200 employees, 150 of them in Israel and the rest in the United States, the United Kingdom and Germany. The company's chairman is Erel Margalit, founder of the JVP fund. In press releases from 2026, the headquarters is listed in the Boston area, sometimes in Waltham and sometimes in Boston itself, and the company also has offices in Israel. The CEO is Robin Gilthorpe. In other words, this is a company founded in Israel that over time moved its business center of gravity to the United States. The company describes itself as having more than 25 years of experience in AI for risk, pricing and rating. This is a reminder that the use of machine learning in finance came long before language models.

What exactly is being priced

An insurance company has to decide how much each policy will cost each customer. The price is set by the expected risk, but also by the chance that the customer will buy and stay. Earnix provides the system in which such models are built and run in real time, inside the insurer's workflows. For example, in May 2026 the insurer Definity chose the Price-It pricing product for personal auto and property insurance. In a regulated industry like this, transparency is also required: the insurer must explain and document how a price was set. That is why the company's announcements stress control, auditability and regulatory compliance as much as accuracy.

A unicorn, and an IPO that never came

In February 2021 Earnix raised $75 million at a pre-money valuation of $1 billion, joining the list of Israeli unicorns. The round was led by Insight Partners, with participation from JVP, Vintage Partners and Israel Growth Partners. According to CTech, the company had raised a total of $25 million up to then. The same report presented the round as the last raise before an IPO on Nasdaq. The IPO did not happen. In September 2025 Margalit told Reuters that the company still had room to grow before an exit, such as a Nasdaq listing.

Ownership in 2025

In September 2025 Reuters reported that JVP was increasing its investment in Earnix through a new investment vehicle it set up with TPG. An arm of TPG led a $290 million investment in this vehicle and received 30 percent of it. According to Margalit, part of the money was used to buy shares from early investors, and part is intended for the company itself. According to the report, JVP holds 54 percent of Earnix, Insight Partners 14 percent and management more than 20 percent. Margalit said annual revenue exceeds $100 million and that the company is profitable. According to the same report, the platform is used by more than 100 large insurers, including AXA and Munich Re, and in April 2025 Earnix acquired the French generative AI company Zelros.

Agents in insurance, 2026

In September 2026 the company launched Agent Hub, part of a system it calls AIOS. According to the announcement, it includes more than 25 insurance-specific agents and applications that work directly with the pricing, underwriting and customer decision systems. Examples include an agent that maps model variables to data sources for auditing, an agent that answers product questions from approved information, and an agent that explains to a customer in plain language how their premium was calculated. CEO Gilthorpe said the winners will not be the insurers with the most agents, but those that stay in control. Sapiens, a software provider for insurers, also launched Arrow on 1 July 2026. Arrow builds decision models from policy documents and regulatory texts and makes them available to agent workflows through MCP. As of September 2026, Earnix is a private company.