Akur8's $120M Series C Funding Will Transform Insurance Pricing with Machine Learning
Monday, 16 September 2024, 01:14
Akur8, a multi-national machine learning-powered insurance pricing and reserving platform, has secured $120 million in Series C funding. This marks a critical moment in Akur8's growth, boosting its total raised investment to $180 million.
Investment Highlights
- Investment Amount: $120 million
- Total Investment: $180 million
- Purpose: Enhance AI-driven pricing solutions
Future Scope
This funding will allow Akur8 to expand its offerings in the insurance sector, leveraging machine learning for more accurate risk assessment and pricing strategies.
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