Cytora
Company

Last deal

$19M
Local Amount - GBP 25M

Amount

Series B

Stage

16.04.2019

Date

6

all rounds

$26.8M

Total amount

General

About Company
Cytora is a London-based company that provides a configurable platform for commercial insurers to digitize, evaluate, and route risks.

Industry

Sector :

Subsector :

Also Known As

Cytora, BisoMotion

founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

The platform leverages artificial intelligence to analyze patterns of different risks and loss outcomes, computing a rank, score, and price for every property and organization. This allows insurers to target the most profitable risks, improve risk selection and pricing, and deliver fair prices to their customers. Cytora's technology has won multiple awards, including the Best AI Product in Insurance at the CogX Innovation Awards 2019 and the Risk-Modelling Technology of the Year at the Insurance Times Awards 2018.
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