Augmentum Fintech PLC (LSE:AUGM) said it has invested £4 million into Artificial Labs, leading an £8 million Series A+ funding round.
The cash injection will support Artificial's growth in underwriting technology for the London Insurance Market, enhancing algorithmic placement of commercial and specialty risk.
Augmentum CEO Tim Levene highlighted the insurance market's potential for further digitisation, with Artificial poised as a key disruptor in this transformation.