Akur8

Founded in 2018 by Guillaume Beraud-Sudreau and Samuel Falmagne, Akur8 SAS specializes in providing a pricing and reserving platform for the insurance industry.Akur8 offers a next-generation pricing and reserving platform designed to enhance the efficiency and accuracy of insurance pricing and reserving processes. The core offerings include Akur8 Pricing and Akur8 Reserving, which utilize Transparent Machine Learning and Predictive Analytics to streamline operations. These products allow insurers to upload and prepare data, assess demand and price sensitivity, and automate their reserving processes with advanced modeling techniques. Akur8 serves over 300 clients across various non-life insurance lines, including personal and commercial property and casualty insurance.Akur8’s revenue model primarily revolves around subscription-based services for its pricing and reserving solutions. Clients engage with Akur8 through annual or multi-year contracts that provide access to the platform’s capabilities, including advanced stochastic modeling and robust deterministic solutions. The pricing structure is designed to accommodate various client needs, ensuring flexibility in service tiers based on the complexity and volume of data handled. Transactions typically occur in a B2B format, where insurers leverage Akur8's technology to enhance their internal processes, resulting in improved operational efficiency and faster time-to-market for new products. Akur8 aims to launch new product features and enhancements in the coming year, while also targeting expansion into additional strategic markets across Europe and Asia.

1. Series C

   Sep 16, 2024

   Amount

   $119M

   Investors

   Locked

2. Series B

   Jun 17, 2021

   Amount

   $30M

   Investors

   Locked

3. Series A

   Mar 12, 2020

   Amount

   $8.9M

   Investors

   Locked