Augmentum Fintech spearheads funding for insurance game-changer.

February 6, 2024
1 min read

TLDR: Augmentum Fintech has invested £4m in insurtech firm Artificial Labs, leading an £8m ($10.4m) series A+ funding round. The funding will support Artificial Labs’ growth in underwriting technology for the London Insurance Market, focusing on algorithmic placement of commercial and specialty risk. Augmentum CEO Tim Levene said the funding round showcased the potential for further digitisation in the insurance market, with Artificial Labs positioned as a key disruptor in this process.

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