{"id":6558,"date":"2019-04-26T09:59:12","date_gmt":"2019-04-26T09:59:12","guid":{"rendered":"https:\/\/fintech.global\/digitalinsurtechforum\/?p=6558"},"modified":"2019-04-26T09:59:12","modified_gmt":"2019-04-26T09:59:12","slug":"uk-insurtech-artificial-pulls-in-4-2m-for-seed-round","status":"publish","type":"post","link":"https:\/\/fintech.global\/digitalinsurtechforum\/uk-insurtech-artificial-pulls-in-4-2m-for-seed-round\/","title":{"rendered":"UK InsurTech Artificial pulls in \u00a34.2m for Seed round"},"content":{"rendered":"<div class=\"td-post-content\">\n<p><strong>London-based InsurTech Artificial has raised \u00a34.2m for its seed funding round, as the company lays out its wider expansion plans.<\/strong><\/p>\n<p>The funding round was led Alma Mundi InsurTech Fund, and Force Over Mass alongside other investors. The company is set to use the funding to expand its engineering and sales teams, scale its digital platform and target new geographies such as the US the Middle East and China.<\/p>\n<p>Artificial uses technologies like machine learning and artificial intelligence to digitise the insurance value chain.<\/p>\n<p>The business product suite includes Artificial Build \u2013 a data capture and digital negotiation platform, Artificial Price \u2013 a selection and dynamic pricing technology and Artificial Manage \u2013 an integrated tool for managing insurance portfolios.<\/p>\n<p>The start-up was founded in 2013 and is partnered with Capita through its Scaling Partners programme and with Ping An through its accelerator programme.<\/p>\n<p>\u201cThis is fantastic news for Artificial,\u201d said Artificial co-founder and CPO, Johnny Bridges. \u201cWe are delighted to work with Alma Mundi InsurTech Fund and Force Over Mass, who have shown their belief in our ability to provide digital solutions to the insurance industry on a large scale.<\/p>\n<p>\u201cThis round of funding shows our commitment to growing Artificial and will enable us to expand and scale our current platforms.\u201d<\/p>\n<p>This latest funding round follows reports from last week, that fellow AI-based InsurTech\u00a0Cytora raised \u00a325m in its Series B funding round led by EQT Ventures.<\/p>\n<p>Mundi Ventures\u2019 Alma Mundi Insurtech Fund recently secured a $25m anchor commitment from global insurance group MAPFRE.<\/p>\n<p>Copyright \u00a9 2019\u00a0FinTech Global<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>London-based InsurTech Artificial has raised \u00a34.2m for its seed funding round, as the company lays out its wider expansion plans. The funding round was led Alma Mundi InsurTech Fund, and Force Over Mass alongside other investors. The company is set to use the funding to expand its engineering and sales teams, scale its digital platform&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/digitalinsurtechforum\/uk-insurtech-artificial-pulls-in-4-2m-for-seed-round\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":6559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/6558"}],"collection":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/comments?post=6558"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/6558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media\/6559"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media?parent=6558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/categories?post=6558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/tags?post=6558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}