Congratulations to Samuel Falmagne, Brune de Linares (Garnier) and the rest of the AKUR8 team on closing their Series C financing and completing the acquisition of Arius from Milliman. The $120m Series C was led by One Peak with participation from Partners Group and Guidewire Software. MTech first invested in Akur8 just over 4 years ago, when the Company had a handful of customers and one product. Akur8 is now the clear market leader in bringing AI to insurance pricing process from end-to-end. The combination with Arius means Akur8 now serves over 250 insurance companies including many of the world’s largest insurers. This round is testament to the team's rapid progress and we are excited to see what the next five years will bring. https://lnkd.in/eBkag929
📣 Thrilled to Announce Our Series C $120m Funding Round! Today marks a significant milestone in AKUR8's journey. Just five years ago, we set out with a bold vision: to build the only global fully integrated actuarial platform for insurance, powered by transparent AI. From those early days, our incredible team has transformed that vision into a thriving reality. I’m excited to share that we’ve secured our Series C funding of $120 million led by One Peak, with participation from Partners Group and Guidewire Software. Thanks for your trust Humbert de Liedekerke Beaufort and Pierre Curis 🤝, and thanks to all our historical investors that continue the adventure: BlackFin Capital Partners, MTech Capital, Hedosophia and FinTLV Ventures. This fundraise will empower AKUR8 to: 1) Invest even more in R&D to enrich our insurance pricing platform with two new modules - Optim, to optimize commercial pricing, and Deploy, Akur8's new rating engine - and more to come! 2) Fast-track the product development of the recently acquired Arius reserving platform 3) Accelerate our global expansion, especially in North America, with the opening of our second office in the US (Atlanta) and of our first office in Canada (Montreal). This milestone is a testament to the hard work, dedication, and innovation of our team. I’m incredibly proud of what we’ve achieved together and grateful for the trust and support from our investors, partners, and customers. Thank you to everyone who has been part of our journey so far. The best is yet to come! Special thanks to Walter Billet Avocats - Fabien Billet that has been providing legal support on this operation! >>>> LINK TO PR IN COMMENT <<<< François Delmas Thibault MALLION Kevin McLoughlin Jack Prescott Jonathon Grayson Mark Chess Orna Carni Gil Arazi Putt Rodchareon #funding #startup #insurtech #insurance #machinelearning #ai