About
Cytora provides AI-driven risk processing for commercial insurance underwriting. Raised $41M+ including £25M Series B (EQT Ventures). Acquired by Applied in Sep 2025. Customers: Allianz, Chubb, Starr, Beazley, Markel. Partners with Xapien, Kroll, Mitiga for enhanced risk analysis. Uses Google Cloud generative AI. Cambridge University spin-out founded 2014 by Richard Hartley.
Key Facts
- [1]Funding: Total funding: $42M. Last round: Sep 2025. Stage: Growth.
- [2]Employees: Employee count: 51-200.
- [3]Acquisition: Acquired by Applied Systems.
- [4]Company Type: Acquired company.
- [5]Website: Official website: cytora.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: EMEA (United Kingdom).
Founders
Richard Sheridan
Co-founder & CEO
Aeneas Wiener
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Details
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Frequently Asked Questions
What is Cytora (Applied)?
Cytora provides AI-driven risk processing for commercial insurance underwriting. Raised $41M+ including £25M Series B (EQT Ventures). Acquired by Applied in Sep 2025. Customers: Allianz, Chubb, Starr, Beazley, Markel. Partners with Xapien, Kroll, Mitiga for enhanced risk analysis. Uses Google Cloud generative AI. Cambridge University spin-out founded 2014 by Richard Hartley. Cytora (Applied) is classified in the Insurance segment at the Models layer of the financial AI stack.
Who founded Cytora (Applied)?
Cytora (Applied) was founded by Richard Sheridan (Co-founder & CEO) and Aeneas Wiener (Co-founder & CTO). The company was acquired by Applied Systems.
How much funding has Cytora (Applied) raised?
Cytora (Applied) has raised $42M in total funding, placing the company at the Growth stage. The most recent round closed in Sep 2025. Among 45 funded Insurance companies, Cytora (Applied) ranks #41 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Cytora (Applied) use?
Cytora (Applied) 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 Cytora (Applied) operate in?
Cytora (Applied) 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 Cytora (Applied) headquartered?
Cytora (Applied) is headquartered in London, United Kingdom. The company operates in the EMEA region. The team consists of 51-200 employees. United Kingdom is home to 33 financial AI companies tracked by AIFI Map.
Who are Cytora (Applied)'s competitors?
Companies similar to Cytora (Applied) 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 Cytora (Applied) offer?
Cytora (Applied) builds models-layer solutions for the financial services industry. The company's core offering: AI for commercial insurance underwriting. The platform is powered by Predictive ML technology.
Is Cytora (Applied) publicly traded?
Cytora (Applied) is no longer independently traded. The company was acquired by Applied Systems. Prior to the acquisition, Cytora (Applied) had raised $42M in venture funding.