Akur8 was founded in Paris in 2018 with a clear goal: to revolutionize how insurance companies set their prices. Traditionally, pricing insurance is a slow, manual process. Actuaries spend months building complex models to predict risk. Akur8’s founders saw an opportunity to change that.

Their solution is built on what they call “Transparent AI.” The idea is to give insurers the speed and power of machine learning without the usual “black box” problem. Their platform automates risk modeling, allowing insurers to build accurate pricing models much faster than before. At the same time, the process remains transparent and auditable, so actuaries and regulators can understand exactly how the AI reached its conclusions.

Rapid growth requires capital, and Akur8 successfully attracted significant investment to scale its operations. This funding allowed the company to expand its team, enhance its technology, and push into new international markets.

In 2020, the company secured €8 million in a Series A funding round. Just a year later, in 2021, Akur8 raised an additional $30 million in its Series B round. These investments signaled strong confidence from the market in Akur8's vision and technology.

With fresh capital, Akur8 began an aggressive global expansion.

The company’s solution quickly found an audience. Today, Akur8 serves over 130 customers, including major names in the insurance industry, across more than 40 countries. This wide adoption demonstrates the universal need for more efficient and accurate pricing methods.

Their clients range from property and casualty insurers to health and life insurance providers. By working with a diverse set of companies, Akur8 has proven its platform's flexibility and power in different regulatory environments and markets.

Akur8's success hasn't gone unnoticed. The company has received numerous awards and accolades for its innovative technology and impact on the insurtech landscape.

This kind of recognition highlights the company's position as a key player in the ongoing transformation of the insurance industry, driven by data and artificial intelligence.

From a Paris startup to a global leader in pricing technology, Akur8's journey shows the power of applying modern AI to solve long-standing industry challenges.