Cytora

Cytora, a UK-based startup, offers a configurable platform for commercial insurers to create digital workflows by digitising, evaluating, and routing risks. This solution digitises incoming risks, augments them with additional data sources, evaluates them against multiple rules including appetite and priority, and routes them to downstream systems for automated or manual underwriting. The company, founded in 2014, operates in the Information Technology, Insurance, and Insurtech industries and has gained recognition through various awards and accolades. Cytora was part of the 2020 Tech Nation Future Fifty 8.0 Cohort and recognized as a member of the 2020 Insurance Post Insurtech 100. Additionally, it has received several awards including the DIAmond Award at DIA Amsterdam 2019, the Excellence in Technology - Service Provider Silver award from Insurance Times 2019, and the Best AI Product In Insurance award at the CogX Innovation Awards 2019. In terms of investments, Cytora raised a significant £25.00M Series B investment on 16 April 2019, with participation from Parkwalk Advisors, EQT Ventures, and Cambridge Innovation Capital. This demonstrates the confidence of these investors in Cytora’s innovative approach and potential for growth in the commercial insurance sector.