6 years ago

Cytora Raises £25 Million to Expand AI-Powered Insurance Solutions

  • Cytora, a UK-based insurtech startup, has secured £25 million in Series B funding led by EQT Ventures

  • The funding will be used to expand Cytora's product suite and scale into new geographies

  • Cytora, founded in 2014, uses AI to analyze data and predict risk in the commercial insurance industry, making the process more efficient and transparent.

      • ProblemFinancial Services

      "Applying for commercial insurance is an arduous process that can take weeks, with non-transparent pricing and the use of outdated models."

      Solution

      "Cytora uses AI to analyze public and proprietary data, including property features, company financials, and local weather, to predict risk better and ensure more transparent pricing for commercial insurance."

      Covered on