Artificial Labs has raised $45 million in Series B funding to expand its AI-driven insurance underwriting and product configuration platform.
Artificial Labs has raised $45 million in a Series B funding round, as insurers increasingly turn to AI to modernise underwriting, pricing, and product design.
The funding reflects sustained investor interest in insurtech platforms that address inefficiencies rather than attempting to disrupt insurers outright.
What Artificial Labs does
Artificial Labs provides software that helps insurers:
- Design and configure insurance products
- Automate underwriting rules
- Respond faster to regulatory and market changes
The platform is aimed at reducing the time and cost involved in launching and updating insurance offerings.
Why insurers are investing in AI tools
Insurance remains one of the most process-heavy financial sectors. Legacy systems often make even small changes slow and expensive.
AI-driven platforms offer:
- Faster product iteration
- Improved risk assessment
- Better alignment with regulatory requirements
Artificial Labs positions itself as infrastructure, not a consumer-facing insurer.
Series B signals scaling phase
The $45 million round will be used to:
- Expand product capabilities
- Grow sales and implementation teams
- Enter additional markets
At Series B, investor focus typically shifts from product validation to scalable revenue.
Competitive landscape
Artificial Labs operates alongside:
- Large core insurance software vendors
- Emerging AI-native insurtechs
Its differentiation lies in configurability and collaboration between underwriting, actuarial, and compliance teams.
Insurtech’s second wave
After early consumer-focused insurtech struggled, the sector has pivoted toward enterprise enablement.
The Platforms benefit from:
- Long-term contracts
- Embedded workflows
- Lower customer acquisition volatility
Long-term outlook
Insurance modernization is a multi-year journey. If the company can embed deeply into insurer operations, switching costs will rise.
That durability is what investors are betting on.
