Akur8 Secures $120 Million in Series C Round to Accelerate Growth of its Next Generation Actuarial Platform

PARIS and LONDON and NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm investing in software scale-ups, with participation from Partners Group, one of the largest firms in the global private markets industry acting on behalf of its clients, and historical investor Guidewire Software, Inc. (NYSE:GWRE). The new funding will significantly bolster Akur8’s ability to expand its product portfolio and fuel its growth in key global markets.

Developed explicitly for insurers, Akur8 has been revolutionizing non-life insurance pricing with transparent AI since 2019. Its cloud-based, fully integrated platform empowers insurers to price at unprecedented speed, directly influencing financial outcomes and enhancing risk assessments. With the recent acquisition of the Arius reserving platform (read PR), Akur8 further expands its product portfolio and customer base, amplifying the value delivered to insurance carriers worldwide.

The new funding will be used to:

  • Fuel product innovation: Akur8 will invest in R&D to enrich its insurance pricing platform with two new modules:
    (1) Optim, which enables insurers to determine the optimal insurance pricing strategy to meet their business objective, and
    (2) Deploy, Akur8’s new rating engine, enabling pricing teams to seamlessly bring their rates into production.
  • Drive growth by leveraging Akur8’s recent acquisition of Arius: As Akur8 enters the insurance reserving sector, it will strategically target new market segments and bridge the gap between reserving and pricing. With its deep expertise in SaaS and AI, Akur8 will fast-track the product development of the Akur8 Reserving platform.
  • Accelerate global expansion: In addition to R&D, this funding will be instrumental in driving Akur8’s strategic expansion into key growth markets, particularly in North America. By strengthening its foothold in this region, Akur8 will penetrate new customer segments and tailor its offerings to address the unique demands of these markets.

“We look forward to collaborating closely with our new investors One Peak and Partners Group, two leading investment firms that share our vision for innovation and excellence. With their support, we are committed to accelerating our product development efforts and staying ahead of industry trends to offer an unparalleled, integrated actuarial platform for insurers globally,” stated Samuel Falmagne, CEO and Co-Founder of Akur8.

Brune de Linares, Chief Client Officer and Co-Founder of Akur8, added: “This latest round of funding will empower us to better meet our customers' evolving needs, enhance their operational efficiency, and equip them with innovative tools to thrive in an increasingly competitive insurance landscape. We are excited about the growth opportunities and advancements this investment will unlock for our continued success.”

Humbert de Liedekerke Beaufort, Co-Founder and Managing Partner of One Peak, said: “Akur8 offers a truly unique cloud-based end-to-end actuarial platform, which leverages proprietary machine learning algorithms to inject speed and accuracy to insurers’ pricing process, whilst ensuring full transparency, auditability and control over the models created. We have been particularly impressed by Akur8’s user-friendly interface, ease of deployment, and reputation among the world’s leading insurers for its outstanding customer service. We look forward to working closely with Akur8’s seasoned executive team as they chart the next chapter of the company's global expansion, market leadership, and innovation journey.”

Pierre Curis, Private Equity Technology, Partners Group, comments: “Akur8 has developed a differentiated, next-generation pricing platform that benefits from the increasing push for sophistication among insurers and from the growing adoption of new technologies. We are excited to support an ambitious management team committed to innovation and customer satisfaction as they embark on this next exciting phase of growth.”

Walter Billet Avocats acted as legal advisor for Akur8 in this transaction and has been advising the company since its creation. Perella Weinberg Partners served as financial advisor for Akur8 in this transaction.

About Akur8
Akur8 is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions.
Our Next Gen Pricing and Reserving Platform combines cutting-edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes.
Akur8 serves 250+ customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.

About One Peak
One Peak is a leading specialist growth equity firm with $2.0 billion in assets under management that invests in technology companies in the scale-up phase. One Peak provides growth capital, operating expertise, and access to its extensive network to exceptional entrepreneurs, with a view to help transform innovative and rapidly growing businesses into lasting, category-defining leaders. In addition to Akur8, One Peak’s investments include Ardoq, Coro, Cymulate, Deepki, Docplanner, Keepit, Lucca, Neo4J, Pandadoc, Spryker, and many more. To learn more, visit www.onepeak.tech.

About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and approximately USD 150 billion in assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to build businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.

Media Contacts:
Akur8
Vera Buttinger
Marketing Director
vera.buttinger@akur8.com
+33 7 66 31 47 58

One Peak
Lauren Sharman
Head of Platform
lauren@onepeak.tech
+44 7393 569004

Partners Group
Henry Weston
Communications Manager
henry.weston@partnersgroup.com
+44 77 4876 0944

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/74999edf-41b0-4b6b-8dcf-799caaa22aac

https://www.globenewswire.com/NewsRoom/AttachmentNg/1938a004-3cd3-4e5e-8426-95eae0d432f4

https://www.globenewswire.com/NewsRoom/AttachmentNg/b992f447-2289-4df6-88f9-a21bb20e9d1e


Akur8 Secures $120 Million in Series C Round to Accelerate Growth of its Next Generation Actuarial Platform

THỦ THUẬT HAY

Mách bạn 4 cách mua hàng qua mạng an toàn nhất

Thương mại điện tử ngày càng trở nên phổ biến và được ưa chuộng tại Việt Nam. Tuy nhiên, để mua được những sản phẩm chất lượng thì bạn cần phải biết rõ các cách mua hàng qua mạng an toàn mà chúng tôi chia sẻ dưới đây.

Hướng dẫn cách xem lại phim Gạo nếp gạo tẻ trên máy tính

Nhưng nhiều người không thể theo dõi được bộ phim trong khung giờ chiếu trực tiếp của đài truyền hình, vậy nên TCN đã làm một bài hướng dẫn dưới đây để bạn có thể xem bộ phim hấp dẫn này.

Cách tạo mật khẩu bảo vệ cho sheet Excel

Ngoài việc tạp mật khẩu cho file Excel, chúng ta có thể tiến hành đặt mật khẩu cho từng sheet trong dữ liệu Excel.

Cách sử dụng WiFi Chùa để kết nối Internet

Vào mạng là nhu cầu dường như đã trở thành thiết yếu với những người sử dụng smartphone, vì vậy việc có một ứng dụng tìm WiFi như WiFi Chùa là vô cùng cần thiết khi bạn tới những nơi không có 3G, 3G kém.

Facebook bổ sung nhiều hiệu ứng chụp ảnh siêu chất, hỗ trợ tạo GIF

Facebook bổ sung nhiều hiệu ứng chụp ảnh siêu chất, hỗ trợ tạo GIF. Và có thể nói tính năng hỗ trợ tạo ảnh GIF là một trong những tính năng thú vị nhất. Các tính năng này được bắt đầu thử nghiệm vào đầu mùa hè này.

ĐÁNH GIÁ NHANH

Đánh giá CPU Intel Core i9-7960X – Đa nhân mạnh, ép xung cao, giá 1.699 USD

Với khả năng xử lý đến 32 luồng dữ liệu cùng lúc, tức gấp đôi so Core i7-7820X lẫn Ryzen 7 1800X nên không gì ngạc nhiên khi cấu hình thử nghiệm nhẹ nhàng “bay” qua các phép thử với những điểm số ấn tượng, đặc biệt

Trên tay cáp sync/sạc USB-C - USB-A có bộ nhớ 64GB

Mình dùng sợi cáp này như là bộ nhớ gắn thêm cho điện thoại Android, mỗi lần muốn chép gì ra hay chép gì vào thì dùng. Các tính năng khác như dùng để sạc pin và dùng để kết nối với máy tính khi cần.

Ấn tượng đầu tiên về iPad Gen 9: Chip Apple A13 Bionic, camera trước 12MP góc siêu rộng cùng mức giá chỉ từ 7,5 triệu đồng

Trong sự kiện tháng 9 mới diễn ra, Apple đã chính thức trình làng mẫu iPad Gen 9 mới nhất. Sản phẩm được trang bị con chip Apple A13 Bionic cực mạnh mẽ, cùng camera trước với độ phân giải 12MP góc siêu rộng, mà mức giá