Founders: Aeneas Wiener, Andrzej Czapiewski, Joshua Wallace, Richard Hartley
Keywords: Insurance, underwriting, AI
Who is it for: Commercial Insurance firms worldwide
Total funding: $41.4M
Latest funding: $25M, Series B, April 2019 - EQT Ventures
HQ: UK, London
“Transforming underwriting for commercial insurance”
AI powered Cytora works with commercial insurers, cutting the underwriting process down to 30 seconds. This enables insurers to underwrite programmatically and build workflows that provide faster and more accurate decisions.
Cytora’s APIs are powered by a risk engine which learns the patterns of good and bad risks over time. This gives insurers a better understanding of the underlying risk of each business and helps them set a more accurate price.