Coherent

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.

Name

Coherent

Legal name

Coherent Capital Advisors Limited

Website

https://coherent.global

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 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

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 industry

PRIMARYFSAGAGAB

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS)

Financial & Insurance/Financial Technology (Fintech)/Insurtech Platforms (Digital Insurance Enablement)

SECONDARYFSAGALAK

Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes)

Financial & Insurance/Financial Technology (Fintech)/Embedded Finance & Banking-as-a-Service (BaaS)

SECONDARYFSAGALAL

Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting)

Financial & Insurance/Financial Technology (Fintech)/Embedded Finance & Banking-as-a-Service (BaaS)

Keywords

• Spreadsheet-to-API platform
• Insurance rating automation
• Enterprise EUC governance
• Model risk management software
• Actuarial modernization tools

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion4 records

Distribution channels5 records

Marketing channels8 records

Core 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

Named customers9 records

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability11 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered flagship distribution partner, flagship technology partner, core partner and minor partner.

• Amazon Web Services (AWS Marketplace)flagship distribution partnerChannel Partner/ Reseller/ Distributor · 24 March 2022Coherent 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 partnerStrategic or Co-development 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 partnerTechnology or IntegrationPre-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 partnerStrategic or Co-development 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 partnerStrategic or Co-development 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 partnerStrategic or Co-development 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 partnerStrategic or Co-development 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

Market position

Competitive moat6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@coherentspark
• Xx.com/coherentglobal
• LinkedInlinkedin.com/company/coherent-group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coherent