Akur8 raised $120M in a Series C funding round led by One Peak to drive innovation in insurance pricing solutions.
Amount Raised
$120 Million
Round Type
Series C
RestonMachine LearningInsurtechInsuranceInvestors
Description
Akur8, a machine learning-powered insurance pricing platform, has closed a $120M Series C funding round led by One Peak, with participation from Partners Group and Guidewire Software. The funds will be utilized for research and development to introduce new features and expand their platform's offerings. Additionally, Akur8 will accelerate its global expansion efforts.
Quick answer
Akur8 raised $120 Million in a Series C round, dated September 16, 2024. Investors: Guidewire Software, Partners Group and One Peak. Akur8 is based in Reston, Virginia, United States.
- How much did Akur8 raise?
- Akur8 raised $120 Million in a Series C round on September 16, 2024.
- Who invested in Akur8?
- Guidewire Software, Partners Group and One Peak are named as investors in this round.
- What does Akur8 do?
- Arius® is an award-winning P&C reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance.
- Where is Akur8 based and how big is it?
- Akur8 is based in Reston, Virginia, United States. Fundz records about 136 employees.
- Who are the decision-makers at Akur8?
- Fundz holds 1 contact at Akur8. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Insurtech and Insurance around the same time
Companies in the same sectors as Akur8 that raised within 45 days of this round, from Fundz verified event records.
- Aurora raised an undisclosed amount (Seed) on October 25, 2024.
- MGT Insurance raised $20M on September 13, 2024.
- Korint raised $5.5M (Series A) on September 6, 2024.
- InsurancePadosi raised $500K (Pre-Seed) on August 27, 2024.
- YouSet raised $3.5M (Seed) on August 20, 2024.
- Root raised $8.9M (Seed) on August 19, 2024.
Who to call at Akur8, and when
A new round usually means Akur8 is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Akur8 raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Akur8, from your own LinkedIn network
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Related People
Akur8 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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