Insurtech startup Cytora secures £25m Series B

Cytora, a provider of AI-powered solutions for the commercial insurance industry has announced its £25 million Series B funding round led by EQT Ventures. Other participants include existing investors Cambridge Innovation Capital, Parkwalk and a number of angel investors.

 

The company applies AI to public and proprietary data, including property construction features, company financials, and local weather – combined with an insurance company’s internal data – to better predict risk and ensure more transparent pricing.

 

The funding will be used to accelerate the expansion of Cytora’s product suite and scaling into new geographies.

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