Artificial Labs, an algorithmic underwriting InsurTech, has raised £8M in a Series A+ funding round led by Augmentum Fintech. Existing investors MS&AD Ventures and FOMCAP IV also participated in the round. The funds will be used to expand the company’s presence in the digital insurance market, develop new products, and enhance its AI tools. Artificial Labs has recently added to its team and formed partnerships with Apollo, Lockton, and Placing Platform Limited.
Artificial Labs secures £8M in Series A+ for accelerated expansion.
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