9 years ago

Cytora Secures £2.4 Million to Help Businesses Quantify Risk

  • Cytora, a London-based AI startup, has raised £2.4 million in Series A funding led by Parkwalk, with participation from Cambridge Enterprise, iLexIR, and a group of angel investors

  • The company uses online data to provide businesses with comprehensive risk insights, enabling them to make informed decisions, particularly in pricing and underwriting

  • Cytora works with global companies in finance and insurance and has deep relationships in asset management

  • The funding will be used to commercialize the company's technology in one of these areas over the next six months.

      • ProblemFinancial Services

      " Businesses struggle to quantify risk, making it difficult to make informed decisions, especially in emerging markets."

      Solution

      "Cytora uses machine learning to connect billions of online data points, providing a comprehensive understanding of risk, enabling businesses to quantify and optimise risk pricing."

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