AKUR8 logo
Founded 2018

AKUR8

2021 Revenue

$3.9M

YOY

Funding

$41.9M

How AKUR8 hit $3.9M in Revenue with 350 Customers in 2021.

About AKUR8

Akur8, the AI Pricing solution, enables insurance carriers to improve their profits and win market share with pricing models created and updated in hours instead of months. Akur8 developed unique leading edge algorithms dedicated to insurance pricing. The disruptive technology developed by our R&D team allows to combine Machine Learning and Actuarial worlds. GLM (Generalized Linear Model) is a well-established technique that answers all Risk Modelling constraints: it is easy to understand and it enables a clear validation process. But it is manual. Iterations and discoveries are long and slow, involving large number actuarial resources. Using cutting edge machine learning, we have automated GLM modelling. From variable selection to geographic smoothing, you decide the tradeoff between clarity and performance. You can immediately spot anomalies and discover new patterns. Building models with Akur8 is 10 times faster than with traditional solutions - with a better result. Akur8 solution

Monthly Revenue

$329.0K

Total Expenses

$329.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

France
$Funding$Revenue

AKUR8 Revenue

In 2021, AKUR8 revenue run rate hit $3.9M in revenue.

$3.9M

AKUR8 Valuation and Funding History

AKUR8 has raised a total of $41.9M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
06/17/2021$29.8M
03/12/2020$9.5M
07/01/2018$2.6M

Customers

AKUR8 has 350 customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

AKUR8 has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

AKUR8 has 51 employees. They have 3 sales reps that carry a quota They have an engineering team of 22.

2021
DistributionQty

Total Team Size

51

Engineers

22 (43%)

Sales

3 (6%)

Marketing

0

CEO/Founder

Samuel Falmagne

Samuel is CEO of Akur8. He spent 15 years at IBM in various international sales and sales management positions before joining InsurTech Shift Technology as Head of Sales. At Shift, Samuel was instrumental in the successful internationalization of the company, including in the US. After two years at Shift, Samuel joined Guillaume and co-founded Akur8.


CEO Q&A

What's your age?

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Favorite online tool?

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Advice for 20 year old self

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Frequently Asked Questions about AKUR8

When was AKUR8 founded?

AKUR8 was founded in 2018.


Who is the CEO of AKUR8?

The CEO of AKUR8 is Samuel Falmagne


How many employees does AKUR8 have?

AKUR8 has 51 employees.

How much revenue does AKUR8 generate?

AKUR8 generates $3.9M in revenue.


How much funding does AKUR8 have?

AKUR8 has raised $41.9M.


Where is AKUR8 headquarters?

AKUR8 is headquartered at France

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