Coherent
Coherent is a Tampa, Florida-based SaaS company that provides an Operating System for Enterprise Excel, discovering, governing, and converting spreadsheet business logic into versioned REST APIs for 150-plus insurers and financial institutions.
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Coherent does
Coherent is a Tampa, Florida-based software-as-a-service company that provides an enterprise platform for discovering, governing, and operationalizing spreadsheet-based business logic, primarily serving insurance carriers and financial institutions. The company positions itself as the "Operating System for Enterprise Excel," targeting the end-user-computing risk, version sprawl, and operational drag caused by fragmented Excel-based pricing, rating, reserving, actuarial, and finance-close models. Coherent is trusted by 150+ insurers and financial institutions globally, with named enterprise customers including Chubb, AXA, Prudential, Pacific Life, BHSI, AXIS Capital, FWD Insurance, TRUE Property Insurance, and ICEA LION Group.
The platform is architected in three sequential layers. Coherent Insights scans the enterprise Excel estate to map dependencies, complexity, drift, and hidden PII using deterministic structural extraction layered with AI-driven recommendations. Coherent Control applies governance inside Excel through maker-checker workflows, cryptographic version fingerprinting, and audit trails. Coherent Spark compiles governed Excel models into versioned, production-ready RESTful APIs with sub-100ms response times, auto-scaling, Git-style version control, formula-level history, and one-click rollback. Supporting modules include the Coherent Assistant Excel add-in, Coherent Testing Center (scenario sweeps, baseline comparison, audit-grade artifacts), Coherent Neuron, and the Hybrid Runner for on-prem execution. Coherent exposes a documented REST API surface, Python SDKs, webhooks, and Model Context Protocol (MCP) integration so that AI agents and LLMs can invoke governed Excel logic.
Coherent operates as a private, venture-backed company. It has raised approximately $89 million in disclosed funding, including a $14 million round in November 2020 led by Cathay Innovation with Franklin Templeton, and a $75 million Series B in April 2022 led by Maverick Capital with participation from Maverick Ventures, Owl Rock (Blue Owl), GreatPoint Ventures, and existing investors. Go-to-market is enterprise sales-led with a "Book a Demo" motion, complemented by distribution through AWS Marketplace (announced March 2022), the Duck Creek Content Exchange, a pre-built Salesforce connector, and technology partnerships with AI Insurance, Convr AI, Seyna, and iJoin. Revenue is generated through annual subscription contracts and implementation services, with quote-based pricing not publicly disclosed. The legal entity is Coherent Capital Advisors Limited; John Brisco serves as CEO and co-founder and Peter Roschke as CTO.
Coherent firmographics
Firmographics- Name
- Coherent
- Legal name
- Coherent Capital Advisors Limited
- Website
- https://coherent.global
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Coherent is a Tampa, Florida-based SaaS company that provides an Operating System for Enterprise Excel, discovering, governing, and converting spreadsheet business logic into versioned REST APIs for 150-plus insurers and financial institutions.
- Ownership category
- akta.pro rank
Coherent industry classification
Industry- Product category
- Insurance technology software (InsurTech)
- NAICS
- Software Publishers (5132), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL)
Keywords
Where Coherent is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Coherent business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- SaaS subscriptions (Coherent Platform): Recurring subscription revenue from enterprise SaaS deployment of the Coherent Platform (Insights + Control + Spark). Customers are insurers and financial institutions; sales cycle is enterprise (Book a Demo motion). Subscription tiers/pricing not publicly disclosed.
- AWS Marketplace sales (Coherent Spark): Distribution through AWS Marketplace where customers purchase and deploy Coherent Spark via existing AWS accounts, providing a contracting model that helps cloud migration/optimization.
- Professional services / implementation: Deployment and onboarding services for enterprise customers ("our deployment teams have run implementations across actuarial, underwriting, finance, and risk functions"); implies PS revenue alongside SaaS subscriptions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based enterprise pricing — book a demo |
| Subscription | Annual | AWS Marketplace listing for Coherent Spark |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels8 records
Coherent product offering
Product offeringCore offering
Coherent sells a SaaS platform that discovers, governs, and operationalizes enterprise Excel-based business logic as versioned RESTful APIs. Its three core modules — Coherent Insights (AI-powered Excel estate intelligence), Coherent Control (in-Excel governance with cryptographic fingerprinting and maker-checker workflows), and Coherent Spark (spreadsheet-to-API engine with sub-100ms response times) — let insurance carriers and financial institutions modernize rating, pricing, reserving, and actuarial models without rewriting them in code. The platform is targeted at insurers, MGAs, banks, and asset managers and is sold primarily through enterprise sales with AWS Marketplace availability.
Product overview
Coherent (coherent.global) is a SaaS company headquartered in Tampa, Florida, that brands its offering as the "Operating System for Enterprise Excel". The product is architected as a platform-plus-modules: three named modules — Coherent Insights (intelligence layer that scans the spreadsheet estate and maps dependencies and risk), Coherent Control (governance layer that enforces version control, maker-checker workflows and audit trails inside Excel), and Coherent Spark (logic layer that compiles governed Excel models into production-ready RESTful APIs) — work sequentially (see → govern → deploy). An Agentic Intelligence / AI Layer sits on top so that AI agents, copilots and LLMs can call governed Excel logic via APIs (including via Model Context Protocol). Supporting offerings include the Coherent Assistant Excel add-in, the Coherent Testing Center (validation/baseline-comparison across versions), the Hybrid Runner for on-prem/executions, Neuron (developer capability), and the WebAssembly module API. The Privacy Policy additionally references companion products Coherent Flow, Coherent Pulse and Coherent Sonic.
Differentiator
Problem solved
Functional benefit
Brands
- Coherent Spark: Core technology and logic-layer platform that converts complex business logic from Excel models into production-ready APIs in seconds.
- Coherent Insights
- Coherent Control
- Coherent Flow
- Coherent Pulse
- Coherent Sonic
Products and services
- Coherent Platform Unified SaaS platform branded as the "Operating System for Enterprise Excel," combining three modules — Coherent Insights (intelligence), Coherent Control (governance), and Coherent Spark (logic/API layer) — with an Agentic Intelligence / AI Layer for AI-callable governed business logic. Sold to insurance carriers, MGAs, banks, and asset managers.
- Coherent Spark The Logic Layer of the Coherent platform. Compiles governed Excel-based business logic (pricing, rating, risk thresholds, calculation rules) into versioned, production-ready RESTful APIs with sub-100ms response times, auto-scaling, Git-style version control, formula-level history, scenario testing, and one-click rollback. Available via AWS Marketplace and through pre-built connectors such as Salesforce and Duck Creek.
- Coherent Insights The Intelligence Layer of the Coherent platform. AI-powered scanner that maps the enterprise Excel estate — surfacing complexity, dependencies, version sprawl, hidden PII, undocumented models, drift, and risk — using deterministic structural extraction first with AI-powered recommendations layered on top. Used by insurance and financial institutions to prioritize modernization and produce audit-grade visibility.
- Coherent Control The Governance Layer of the Coherent platform. Extends IT-grade governance into Excel via maker-checker and multi-tier approval workflows, cryptographic version fingerprinting, system-timestamped audit trails, and inline submit/review/approve actions. Designed for SR 11-7, BCBS 239, IFRS 17, DORA, CPS 230, and SOX evidence generation.
- Coherent Assistant Excel add-in that integrates Coherent Spark directly inside the spreadsheet, allowing business users to submit, review, and approve changes from within Excel without leaving their workflow. Documented on the Coherent blog and docs site.
- Coherent Testing Center Validation/testing capability of the Coherent platform that runs services against defined testbeds, compares outputs across scenarios and versions, performs baseline comparison against legacy Excel models, and produces audit-ready evidence for regulated industries (regression testing, scenario sweeps, version-aware governance).
- Coherent Neuron Platform module / developer capability within the Coherent Spark service-build tooling documented in the Coherent Spark developer/user-guide documentation.
- Coherent Flow Referenced in the Coherent Privacy Policy as one of the products/services offered alongside Coherent Pulse, Coherent Sonic, and the Coherent Platform (Insights, Control, Spark). Specific functionality not detailed in available source material.
- Coherent Pulse Referenced in the Coherent Privacy Policy as one of the products/services offered alongside Coherent Flow, Coherent Sonic, and the Coherent Platform (Insights, Control, Spark). Specific functionality not detailed in available source material.
- Coherent Sonic Referenced in the Coherent Privacy Policy as one of the products/services offered alongside Coherent Flow, Coherent Pulse, and the Coherent Platform (Insights, Control, Spark). Specific functionality not detailed in available source material.
Quantifiable outcome
- 6x faster launches without rebuilding actuarial logic (ICEA LION Group)
- +10 more outcomes
Companies that use Coherent
Customer profileNamed customers9 records
Segments9 records
Ideal customer profiles5 records
Coherent technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability11 records
Feature7 records
Coherent partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship distribution partner, flagship technology partner, core partner and minor partner.
- Amazon Web Services (AWS Marketplace)flagship distribution partnerCoherent Spark listed in the AWS Marketplace online software store (announced March 24, 2022). Customers can purchase and deploy Coherent Spark via their existing AWS accounts; AWS provides a contracting model that helps cloud migration/optimization.
- Duck Creek Technologiesflagship technology partnerCoherent Spark is integrated with the Duck Creek platform via the Duck Creek Content Exchange, providing a pre-built connector that turns Excel-based rating logic into live APIs callable from Duck Creek Policy. Positioned as a "utility layer" extending Duck Creek's extensibility to business users.
- Salesforceflagship technology partnerPre-built Salesforce connector for Coherent Spark enables transformation of Excel logic into RESTful APIs and integration into Salesforce via Apex REST Callouts. Supported by both a Business user guide and a Developer guide.
- AI Insurancecore partnerJoint partnership combines Coherent Spark's spreadsheet-to-API automation with AI Insurance's modern underwriting and policy-issuance stack, enabling insurers and MGAs to move from manual spreadsheet rating to production-ready pricing engines in roughly 4–6 weeks.
- Seynacore partnerSeyna and Coherent partnered to turbocharge insurance brokers' distribution capacity by automating insurance pricing updates. Seyna leverages Coherent Spark to distribute pricing logic to broker channels.
- Convr AIcore partnerConvr AI® partnered with Coherent to accelerate underwriting. The partnership enables insurers to modernize underwriting by combining Convr AI's submission ingestion with Coherent's logic-governance and API deployment.
- iJoinminor partneriJoin leverages Coherent Spark to accelerate speed to market; Coherent Spark is described as a no-code solution that supercharges Excel, enabling iJoin to integrate business logic into its retirement platform.
Scale indicators7 records
Recent moves8 records
Expansion highlights7 records
Coherent competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights6 records
Customer concentration
Coherent social profiles
Digital presenceCoherent compliance and trust
Trust signalCompliance3 records
Coherent financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coherent leadership team
Management profileNumber of profiles
Profiles6 records
Coherent funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coherent M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coherent
What does Coherent do?
Coherent sells a SaaS platform that discovers, governs, and operationalizes enterprise Excel-based business logic as versioned RESTful APIs. Its three core modules — Coherent Insights (AI-powered Excel estate intelligence), Coherent Control (in-Excel governance with cryptographic fingerprinting and maker-checker workflows), and Coherent Spark (spreadsheet-to-API engine with sub-100ms response times) — let insurance carriers and financial institutions modernize rating, pricing, reserving, and actuarial models without rewriting them in code. The platform is targeted at insurers, MGAs, banks, and asset managers and is sold primarily through enterprise sales with AWS Marketplace availability.
Is Coherent a public or private company?
Coherent is a private company. It is classified as venture growth investor backed and is currently operating.
When was Coherent founded?
Coherent was founded in 2018. It employs 101 to 250 people.
Where is Coherent based?
Coherent is headquartered in New York, United States, in the North America region.
How does Coherent make money?
Three revenue lines are on record. SaaS subscriptions (Coherent Platform) is the primary driver. The others are AWS Marketplace sales (Coherent Spark) and professional services / implementation.
Does Coherent have an API?
Yes. Coherent Spark exposes Excel-based business logic as RESTful APIs. The Spark API surface includes Execute API, Batch APIs, Events APIs, Folder APIs, ImpEx APIs, Metadata API, Service APIs, Transforms API, Validation API, WebAssembly module API, and API Call History APIs. Authorization is supported via API keys and Bearer tokens, with a documented OpenAPI specification. Public APIs are also supported. Webhooks enable Spark to connect with external systems and automate workflows. A Spark OpenAPI Specification is published. SDKs are offered for developers, and a Hybrid Runner supports on-prem/deployment scenarios. Model Context Protocol (MCP) is listed as an integration. Developer documentation is at docs.coherent.global/spark-apis.
What industry is Coherent in?
Coherent's product category is Insurance technology software (InsurTech). Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 5132 and its SIC code is 7372.