# Arturo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arturo

- Industry: Software
- Headquarters: Chicago, US
- Website: www.arturo.ai
- Total disclosed funding: $33M
- Latest round: Series B (Apr 2, 2021)
- Investors on record: 4

## About

Arturo Inc. is a US-based software company that utilizes advanced analytics and computer vision to assist insurance carriers in making rapid, data-driven decisions regarding risk management and claims processing.Founded in 2018 and headquartered in Chicago, US, Arturo Inc. specializes in providing analytics solutions for the insurance industry. The company has raised a total of USD 13.70 mn across 4 deals, with its most recent funding being a Series A round completed on August 28, 2023, valuing the company at USD 35.99 mn. The leadership team includes CEOs John-Isaac Clark, Juliette Deneuve, and Marty Smuin.Arturo provides an advanced analytics platform that leverages computer vision models to support insurance carriers in making rapid, data-driven decisions. Their core offerings include underwriting solutions, risk management tools, and claims processing enhancements, all designed to improve operational efficiency and accuracy in assessing property-related risks. The platform is particularly beneficial during natural disasters, where it aids adjusters in efficiently managing claims and delivering fair outcomes to policyholders. Arturo's client base primarily consists of insurance carriers, who utilize the platform to enhance their risk appetite and profitability while simultaneously reducing unsustainable risks. The geographical markets served by Arturo include North America and Australia, where they collaborate with industry leaders to ensure comprehensive access to property intelligence.Arturo generates revenue through a subscription model wherein insurance carriers subscribe to their analytics platform to access various products and services. These subscriptions typically encompass features such as underwriting analytics, risk assessment tools, and claims processing support, facilitating a seamless integration into the clients’ existing workflows. The revenue structure is primarily B2B, focusing on partnerships with insurance companies that benefit from Arturo's technology to streamline operations and improve decision-making processes. Revenue is realized through annual or multi-year contracts, ensuring ongoing access to the latest tools and insights.Arturo Inc. plans to leverage its recent Series A funding of USD 13.70 mn, raised on August 28, 2023, to enhance its product offerings and expand its market presence. The company aims to develop new features for its analytics platform, enhancing its capabilities in risk assessment and claims processing. Arturo is also targeting expansion into additional markets in Europe and Asia by 2025, seeking to establish partnerships with leading insurance providers in these regions.

## Funding rounds

- Series B, Apr 2, 2021, $25M — Crosslink Capital, Atlantic Bridge, IAG Firemark Ventures, RPS Ventures
- Series A, Apr 7, 2020, $8M — Crosslink Capital, IAG Firemark Ventures

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- IAG Firemark Ventures (https://capitalatlas.ai/funds/iag-firemark-ventures) — Series A, Series B
- Atlantic Bridge (https://capitalatlas.ai/funds/atlantic-bridge) — Series B
- RPS Ventures (https://capitalatlas.ai/funds/rps-ventures) — Series B