About
Akur8 provides ML-powered pricing and reserving tools for insurers. Raised $120M Series C in 2024 at $400M valuation from One Peak and Partners Group; $180M total funding. Hit $20.5M revenue in 2024 (doubled YoY). Serves 350 customers across 40+ countries including AXA, Generali, Munich Re, and Tokio Marine. 3,000+ actuaries use the platform daily. Acquired Milliman's Arius reserving platform.
Key Facts
- [1]Founded: Founded in 2018 in Paris, France.
- [2]Funding: Total funding: $160M. Last round: Sep 2024. Stage: Late Stage.
- [3]Customers: Key customers include AXA, Munich Re, Generali.
- [4]Employees: Employee count: 51-200.
- [5]Website: Official website: akur8.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: EMEA (France).
Founders
Samuel Falmagne
Co-founder & CEO
Alexandre Music
Co-founder & CTO
Key Customers & Partners
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Frequently Asked Questions
What is Akur8?
Akur8 provides ML-powered pricing and reserving tools for insurers. Raised $120M Series C in 2024 at $400M valuation from One Peak and Partners Group; $180M total funding. Hit $20.5M revenue in 2024 (doubled YoY). Serves 350 customers across 40+ countries including AXA, Generali, Munich Re, and Tokio Marine. 3,000+ actuaries use the platform daily. Acquired Milliman's Arius reserving platform. Akur8 is classified in the Insurance segment at the Models layer of the financial AI stack.
Who founded Akur8?
Akur8 was founded by Samuel Falmagne (Co-founder & CEO) and Alexandre Music (Co-founder & CTO) in 2018 in Paris, France.
How much funding has Akur8 raised?
Akur8 has raised $160M in total funding, placing the company at the Late Stage stage. The most recent round closed in Sep 2024. Among 45 funded Insurance companies, Akur8 ranks #28 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Akur8 use?
Akur8 primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Akur8 operate in?
Akur8 operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Akur8 headquartered?
Akur8 is headquartered in Paris, France. The company operates in the EMEA region. The team consists of 51-200 employees. France is home to 8 financial AI companies tracked by AIFI Map.
Who are Akur8's competitors?
Companies similar to Akur8 in the Insurance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Akur8 offer?
Akur8 builds models-layer solutions for the financial services industry. The company's core offering: AI pricing and reserving for insurers. The platform is powered by Predictive ML technology. Notable users include AXA, Munich Re, Generali.