Revolutionizing Actuarial Pricing: Akur8 Secures $120M in Series C Funding

Akur8 is thrilled to announce that we have successfully raised $120 million in a recent funding round to further enhance our end-to-end actuarial pricing software, which is transforming the landscape for property & casualty (P&C) and health insurers. With an unwavering commitment to driving innovation in the insurance industry, our platform leverages proprietary Transparent AI and cutting-edge machine learning automation to unlock significant untapped potential for combined ratio improvement. This substantial capital infusion will not only support the expansion of our technological capabilities but also expedite our efforts to assist insurers in making data-driven pricing decisions that are essential for navigating today’s complex and rapidly evolving marketplace. By streamlining the pricing process, Akur8 enables insurers to remain competitive, ensuring they can protect their profitability while providing the best value to their customers. As we look to the future, these funds will facilitate increased product development, enhance customer support, and broaden our market reach, empowering even more insurers to join the pricing revolution. We are committed to pioneering smart pricing solutions that drive results and efficiency, ensuring that our clients harness the power of data to make real-time, strategic decisions. Akur8 is poised to redefine what's possible in actuarial pricing, and we are excited about the journey ahead, fostering partnerships that will reshape the industry for years to come.