Akur8, an insurance pricing platform provider, has secured USD 120 million in Series C funding led by One Peak, with participation from Partners Group and Guidewire Software. This brings Akur8's total funding to USD 180 million.
The funding will fuel product innovation, including two new modules: Optim for optimal pricing strategy and Deploy for bringing rates into production. The fresh capital will also drive growth by leveraging the recent Arius acquisition and accelerating global expansion, particularly in North America.
Analyst QuickTake: This funding round comes one week after the company acquired Arius , a property and casualty (P&C) reserving software for insurers and reinsurers. To enhance its offerings, the company will integrate Arius' reserving tools into a new platform aimed at supporting actuaries and insurance professionals.
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