AKUR8
Paris, Ile-de-france, France
How AKUR8 hit $10.2M revenue and 350 customers in 2023.
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
2018
Founded
$10.2M
2023 Revenue
79.41%
YOY
$41.9M
Funding
AKUR8 Revenue
In 2023, AKUR8 revenue run rate hit $10.2M in revenue.
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2023
AKUR8 hit $10.2M in revenue in 2023
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2021
AKUR8 hit $3.9M in revenue in 2021
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2018
AKUR8 launched in 2018 with $0 revenue
AKUR8 Funding History
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2021
AKUR8 raised a of in June, 2021
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2020
AKUR8 raised a of in March, 2020
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2018
AKUR8 raised a of in July, 2018
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| June, 17 2021 | |||
| March, 12 2020 | |||
| July, 01 2018 |
Team
AKUR8 has 110 total employees and 3 sales reps that carry a quota. They have 350 customers an engineering team of 22
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 110 |
| Engineer | 22 (20%) |
| Sales | 3 (3%) |
Founder / CEO
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.
Q&A
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Customers
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AKUR8 Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Samuel Falmagne | CEO | [email protected] | - |
AKUR8 Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Samuel Falmagne | CEO | [email protected] | - |
Frequently Asked Questions about AKUR8
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When was AKUR8 founded?
AKUR8 was founded in 2018.
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How much revenue does AKUR8 generate?
AKUR8 generates $10.2M in revenue.
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Who is the CEO of AKUR8
The CEO of AKUR8 is Samuel Falmagne.
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How much funding does AKUR8 have?
AKUR8 raised $41.9M.
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How many employees does AKUR8 have?
AKUR8 has 110 employees.
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Where is AKUR8 headquarters?
AKUR8 is headquartered at Paris, Ile-de-france, France
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