Akur8, a Paris, France-based SaaS Insurtech startup, raised €8m in a Series A funding.
Backers included BlackFin Capital Partners and MTech Capital.
The company, which has raised €10m ($11.2m) in total funding, intends to use the funds to continue to expand operations, its business reach and its dev efforts.
Led by Samuel Falmagne, CEO, Anne-Laure Klein, COO, and Jean-Marc Leoni, CTO, Akur8 has developed an AI-based solution for risk modeling and pricing for retail and commercial insurance customers to offer fast and appropriate prices. Delivered in SaaS, the platform is now used by multiple insurance companies throughout Europe and America.