The Ticker

Raises $110 million in a Series C round for the company that prepares banks and insurers to become AI-native organizations. The business plans to augment its AI solutions and to continue growth in the United States, Latin America, and EMEA. Goldman Sachs Alternatives’ Growth Equity headed the funding around, which also involved Balderton Capital, Index Ventures, Tiger Global, Y Combinator, and Dig Ventures.

Offers cyber risk program to private equity firms to reduce their portfolio risks during the entirety of owning a company. The program combines cyber risk management with bespoke insurance endorsements.

Rolls out tropical cyclone monitoring platform PsiClone, which aids insurers and underwriting teams in following portfolio exposure and expediting responses during events. PsiClone provides real-time analysis of storm forecasts in relation to insurance portfolios, which can help identify exposure hot spots and accounts facing particularly significant risks and organize underwriting, claims, and response resources.

Offers autonomous car insurance in Colorado and Indiana. The product provides 50% off of premiums for miles driven for Tesla owners using the carmaker’s full self-driving technology.

Raises more than 1 billion euros in Series F funding, including a placement headed by General Atlantic, valuing the Helsinki-based satellite observation company at more than 10 billion euros.

Begins offering WeatherWise Studio, which brokers can use to assemble parametric submissions for rainfall, wind, temperature, wildfire, and natural catastrophe cover in under 30 minutes using AI-assisted structuring, global weather analytics, and other tools.

Unveils its AI Orchestration System for Insurance, which provides Earnix’s “intelligent decisioning engine” for the entire insurance life cycle, encompassing risk analysis, pricing, underwriting, customer engagement, claims, and client retention.

Teams with Affinity Marketplace to integrate cyber risk education and insurance quoting for small to medium enterprises within a single workflow. The collaboration will apply CyberCube’s Broking Manager software to help address issues including cyber risk communication, broker efficiency, and cyber know-how within brokerage organizations.

Establishes digital wholesale brokerage Breakwater Markets, emphasizing commercial transportation exposures and providing retail agents a platform to place risks outside of Cover Whale’s appetite. Roman Atkielski, previously national transportation leader at Jencap, will oversee the operation as executive vice president, brokerage.

Announces a $100 million capital raise valuing the embedded insurance infrastructure company at $1.9 billion. Cover Genius’s plans for the funding include scaling its AI capabilities for hyperpersonalization, agentic distribution, and faster claims resolution. Vista Credit Partners backed the capital raise.