Akur8 raised a US$120 million Series C led by One Peak, the company said on 16 September 2024. Partners Group and Guidewire participated, and Akur8 put total investment at about US$180 million.
Proceeds were earmarked for product development, its reserving platform following the Arius acquisition, and growth in North America.
A core-systems vendor like Guidewire on the cap table points to tighter pricing integration with policy administration.
Actuarial teams should ask how transparent the pricing models are for regulators and how reserving fits existing workflows.
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