Lemonade co-founder/CEO (NYSE: LMND). Israeli-founded AI-native insurance carrier. Co-founded with Shai Wininger (also Fiverr co-founder). Maya, AI Jim, Cooper. From SanDisk/M-Systems to insurtech.
Daniel Schreiber is the co-founder and CEO of Lemonade (NYSE: LMND) — the Israeli-founded AI-native insurance carrier that went public in July 2020 at a $1.6 billion valuation and peaked above $10 billion market cap in January 2021 before repricing in the insurtech correction.
Schreiber co-founded Lemonade in 2015 with Shai Wininger — who also co-founded Fiverr. Headquartered in New York with core R&D in Tel Aviv. The company's thesis: insurance is a structurally adversarial product — the carrier profits when it doesn't pay claims — and AI can realign the incentives by automating underwriting, claims, and fraud detection while operating under a fixed-fee giveback model.
Maya, AI Jim, Cooper, and the Customer Cortex: How Lemonade Built the AI-Native Insurance Stack
Lemonade's technology stack is built on proprietary AI systems. Maya handles customer onboarding and policy generation. AI Jim processes claims — famously paying a claim in three seconds. Cooper manages risk assessment. The Customer Cortex is Lemonade's behavioral data engine for pricing and personalization. The company runs renters, homeowners, pet, life, and car insurance across the US and Europe.
Before Lemonade, Schreiber was president of Powermat Technologies (wireless charging) and held senior roles at SanDisk following its $1.55 billion acquisition of M-Systems — the Israeli company founded by Dov Moran that invented the USB flash drive. His path from Israeli hardware to Israeli insurtech spans two generations of Israeli deep-tech commercialization.
Where Schreiber Sits in the Israeli Founder Landscape
Schreiber and Wininger represent the Israeli founder cohort that builds US-market consumer companies from Tel Aviv R&D. Wininger's dual founding — Fiverr and Lemonade — makes him one of the rare Israeli founders with two NYSE-listed companies. Schreiber brought the operator and commercial instincts. The pairing produced one of the most visible Israeli-founded consumer brands on public markets.
Lemonade's post-IPO repricing — from $10B+ peak to a market cap that has fluctuated between $1.5B and $3B — tracks the broader insurtech and growth-stock correction. The company has not been profitable on a GAAP basis. The question is whether the AI-native stack produces underwriting advantages that compound over time, or whether Lemonade is a technology company bearing insurance losses. Schreiber's bet is the former.
