Akur8 Valuation, Funding & Investors

Akur8 is valued at $432M as of September 2024.

See full Akur8 profile

Last Akur8 valuation

$432M

Series C · Sep 2024

Last Akur8 funding round

$120M

Series C · Sep 2024

Cumulative funding Akur8 raised

$187M

across 5 funding rounds

Key investors in Akur8

Akur8 Overview

About Akur8

Akur8 is a Paris-based SaaS provider of AI-driven insurance pricing and reserving software. The platform automates ratemaking with machine learning algorithms, integrating with tools like SAS and Emblem for P&C carriers in Europe and North America to optimize premiums and loss reserves.


Founded

2019

HQ

FranceParis

Website

akur8.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$432M (Sep 2024)

Akur8 Valuation

Akur8 is currently valued at $432M, based on its Series C in September 2024.

The $120M round was led by One Peak, with participation from Guidewire and Partners Group.

Akur8 valuation by funding round

Akur8 valuation by funding round
DateStageValuation
Sep 2024Series C$432M

Akur8 Funding History

Akur8 has raised a total of $187M across 5 funding rounds.

Akur8's first fundraising round was a $3M seed round in July 2018. The most recent completed round was a $120M Series C in September 2024.

Akur8 funding rounds

Akur8 funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2024Series COne Peak (lead); Guidewire; Partners Group$120M$432MAkur8 is a machine learning-powered insurance pricing and reserving platform designed for non-life insurers, revolutionizing pricing with transparent AI since 2019. Its cloud-based platform enables rapid pricing model creation, risk assessment, and financial outcome optimization, serving over 250 customers across 40+ countries including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD, with more than 3000 actuaries using it daily. On September 16, 2024, Akur8 secured a $120 million Series C funding round led by One Peak, with participation from Partners Group and existing investor Guidewire Software, bringing total funding to $180 million. The round, equivalent to €107.8 million, underscores investor confidence in Akur8's vision for an end-to-end actuarial platform combining proprietary machine learning for speed, accuracy, transparency, and auditability. Proceeds will accelerate product development, including two new modules for the pricing platform, integration of the recently acquired Arius reserving platform to expand capabilities and customer base, and global expansion especially in North America. The company reported 100% growth in 2024, signing new customers across five continents and enhancing features like analysis/reporting, governance, security, and allocation capabilities. Akur8 positions itself against industry needs for efficient, scalable actuarial solutions amid evolving trends, with strong endorsements from leadership emphasizing collaboration with new investors to maintain innovation leadership.
Jul 2023Series BFinTLV Ventures (lead); Guidewire; BlackFin Capital Partners$26M-Akur8 is a French insurtech company specializing in next-generation insurance pricing through its proprietary Transparent AI technology. The cloud-based software automates the generation of pricing models for property & casualty and health insurance carriers while maintaining complete transparency and control for actuaries and pricing teams. In September 2023, Akur8 closed a $25 million funding round led by Tel Aviv-based venture capital fund FinTLV Ventures, with participation from existing investor BlackFin Capital Partners and strategic investor Guidewire Software (NYSE: GWRE). This round brought Akur8's total funding to over $60 million. The investment came four years after the company first commercialized its platform and approximately two years after its $30 million Series B round in June 2021, which had brought total funding to $42 million at that time. The company planned to use the new capital to accelerate growth in key markets including the United States and Asia-Pacific region, while expanding its integrated pricing solution for P&C and health insurers. The funding round reflected continued confidence from institutional and strategic investors in Akur8's technology and market position within the insurtech landscape.
Jun 2021Series BHedosophia (lead); MTech Capital; BlackFin Capital Partners$30M-Akur8 raised a Series B funding round of 30 million USD in June 2021. Akur8 specializes in next-generation insurance pricing using Transparent AI and Machine Learning, enabling insurers to achieve speed and accuracy in pricing without sacrificing auditability or control. The platform targets property & casualty (P&C) and health carriers, with plans to expand in markets like the US and APAC using subsequent funds.
Mar 2020Series ABlackFin Capital Partners (lead); MTech Capital$9M-Akur8 is a Paris-based insurtech SaaS startup that provides an AI-based platform for insurance pricing optimization, risk modeling, and real-time pricing for retail and commercial insurance customers. The platform enables carriers to improve risk assessment accuracy and reduce loss ratios while maintaining regulatory transparency. Akur8 raised €8 million ($8.9 million) in a Series A funding round on March 12, 2020, from BlackFin Capital Partners and MTech Capital, bringing total funding to €10 million following prior incubation from Kamet Ventures. BlackFin Capital Partners led the round. The funding supports Akur8's growth in delivering its SaaS solution used by insurance companies in Europe and America. Akur8 was founded in 2018 by Samuel Falmagne (CEO), Guillaume Beraud-Sudreau, Anne-Laure Klein, and Jean-Marc Leoni. Subsequent rounds included a Series B of $30 million, also backed by BlackFin Capital Partners and MTech Capital, bringing total funding to $42 million at that time.
Jul 2018Seed-$3M-Akur8 is a French insurtech company founded in 2018 that provides a cloud-based SaaS platform using Transparent AI to automate insurance pricing models for P&C and health carriers. The platform combines machine learning speed with full transparency and control for actuaries, accelerating pricing time-to-market while ensuring regulatory compliance. Subsequent rounds include a Series A in 2020 led by BlackFin Capital Partners and MTech Capital, a $30M Series B in June 2021 bringing total funding to $42M, a $25M round in 2023 supported by BlackFin, FinTLV Ventures, and Guidewire increasing total to over $60M, and a $120M Series C led by One Peak valuing the company at $400M. Akur8 has grown to serve over 130 customers in 40+ countries with 100% growth reported in 2023. The company expanded through partnerships like Guidewire Marketplace integration and the acquisition of Milliman's Arius reserving platform.

Who has invested in Akur8?

7 investors have backed Akur8 across its funding rounds, including BlackFin Capital Partners, MTech Capital, Guidewire, Partners Group, Hedosophia and One Peak.

Lead investors include One Peak, FinTLV Ventures, Hedosophia and BlackFin Capital Partners.


Akur8 Investors

Investors in Akur8 by funding rounds participated
InvestorHQRoundsRoleFirst check
BlackFin Capital PartnersFranceParis3LeadMar 2020
MTech CapitalUnited StatesLos Angeles, CA2ParticipantMar 2020
GuidewireUnited StatesSan Francisco, CA2ParticipantJul 2023
One PeakUnited KingdomLondon1LeadSep 2024
Partners GroupSwitzerlandSwitzerland1ParticipantSep 2024

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Acquisitions by Akur8

Akur8 has acquired 4 companies to date.

Last acquisition by Akur8 was on March 16th 2026. Akur8 acquired Slope Software for undisclosed valuation.


Latest Acquisitions by Akur8

Slope Software
Matrisk
Arius
Arius Enterprise
Description
Slope Software is a Techstars-backed cloud platform offering actuarial modeling and risk management for insurers, actuaries, and financial institutions. As the first fully cloud-based solution on Amazon Web Services, it supports pricing, valuation, ALM, cash flow testing, and PBR across insurance products and investments. Features include point-and-click model building with open English formulas, no coding required, Excel integration, change tracking for governance, BI dashboards, parallel scenario execution, data encryption in transit and at rest, all within a Virtual Private Cloud.
Matrisk is an AI platform automating risk assessment and decision-making for insurance companies.
Arius is a property and casualty loss-reserving software business that was developed and owned by actuarial consultancy Milliman. Its software lets insurers and reinsurers analyse casualty reserves and estimate future loss costs, and it had roughly 150 insurance and consulting clients and more than 1,500 users at the time of sale, with over a third of clients among top-tier North American carriers. Revenue comes from licence and subscription fees paid by actuarial teams.
Arius Enterprise is a property and casualty reserving software solution developed by Milliman for insurers and reinsurers. Seattle-headquartered, it delivers stochastic modeling, cash flow projections, and regulatory reporting compliant with IFRS 17 and U.S. statutory standards. Used by 150 global carriers managing $2 trillion in reserves, it incorporates loss development patterns from 50 years of data.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Atlanta, GA
-
-
Seattle, WA
Deal Date16 Mar 20266 Jan 20269 Sep 20249 Sep 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Akur8 Competitors

Akur8 competitors include listed companies like 63 Moons and Network People Services, and private ones like Ocrolus, AssetWatch, DualEntry and Cognism.

Public and private companies comparable to Akur8
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OcrolusUnited StatesUnited StatesPrivate$20M-$500M25.0x
AssetWatchUnited StatesColumbus, OHPrivate--$437M-
DualEntryUnited StatesNew York City, NYPrivate--$415M-
CognismUnited KingdomLondonPrivate$71M-$450M6.3x
63 MoonsIndiaIndiaPublicly listed$22M($16M)$420M-
Network People ServicesIndiaIndiaPublicly listed$20M$6M$404M-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
63 Moons$22M($16M)10.3x-(14.5x)-
Winner Technology$46M($7M)9.0x-(60.9x)-
Leonteq$217M$12M8.7x7.3x158.4x-
Yidu Tech$122M($4M)1.4x1.2x(45.0x)7.7x
Network People Services$20M$6M18.3x-67.3x-
Ropeok Technology Group$23M($28M)18.6x-(15.2x)-
Aurionpro Solutions$147M$30M2.6x2.4x12.6x12.3x
Qualco Group$248M$40M2.1x1.9x13.0x9.6x

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Common questions about Akur8

When was Akur8 founded?Akur8 was founded in 2019.
Where is Akur8 headquartered?Akur8 is headquartered in Paris, France.
Is Akur8 publicly listed?No, Akur8 is a private, VC-backed company.
What is Akur8's valuation?Akur8 was last valued at $432M in its Series C in September 2024.
How much funding has Akur8 raised?Akur8 has raised $187M across 5 funding rounds.
What was Akur8's last funding round?Akur8's last funding round was a $120M Series C in September 2024, led by One Peak.
Who are Akur8's investors?Akur8's investors include BlackFin Capital Partners, MTech Capital, Guidewire, One Peak, Partners Group, Hedosophia and FinTLV Ventures.
Which companies are comparable to Akur8?Companies comparable to Akur8 include Ocrolus, AssetWatch, DualEntry, Cognism, 63 Moons and Network People Services.
How many companies has Akur8 acquired?Akur8 has acquired 4 companies, including Slope Software, Matrisk, Arius and Arius Enterprise.

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