COMPANY PROFILE

Cytora

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AI-powered risk digitization platform for commercial insurance

London, United KingdomFounded 2014Fintech

Valuation $100–250M Last recorded · 2019

Revenue <$1M Latest reported FY

Headcount 100–500 Current team size

Total funding $10–50M Disclosed equity funding

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About Cytora

Cytora offers a configurable, AI-powered platform that enables commercial insurers to digitize and automate their core workflows. The company's technology transforms unstructured data from various sources, such as emails and documents, into structured, decision-ready information, streamlining risk intake, evaluation, and routing. This allows underwriters to automate manual processes and focus on more complex risks, which can improve efficiency, risk selection, and profitability. Cytora serves the commercial property and casualty insurance sector, from small to large enterprises, with clients including QBE, AXA XL, and Markel. The business model is primarily a subscription-based software-as-a-service (SaaS), with revenue generated through annual license fees that scale with usage.

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The company originated from research at the University of Cambridge, where the founders explored using AI to analyze large datasets for risk assessment. Initially founded in 2012 by Joshua Wallace, Aeneas Wiener, and Andre Alzamora, with Richard Hartley also recognized as a co-founder, the company was incubated at Accelerate Cambridge. The initial concept was sparked by events like the Arab Spring, which highlighted the potential of using vast online information for real-time political risk analysis. The company pivoted to focus exclusively on the commercial insurance industry in early 2017. Co-founder Richard Hartley (CEO) previously worked in product management for an insurance technology vendor and applied his background in technology and political science to shape Cytora's product strategy. Aeneas Wiener (CTO) has a background in software engineering and a Ph.D. in Computational Nano-Optics, which informed the company's technological foundation.

Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2014
Headquarters: London, United Kingdom
Employees: 134
Open positions: 1
Dealroom signal: 81.0/100
Industry: Fintech
Sub-industry: Insurance
Sector: Fintech, Risk Management, Data Analytics, Security, Business Intelligence, Business Analytics, Core AI, Spinout
Technology: Artificial Intelligence, Big Data, Machine Learning
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

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Funding history

9 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITION✓Exit	Sep 2025	$0	—	Applied Systems	↗
SUPPORT PROGRAM✓Other financing	Mar 2020	$0	—	Tech Nation	—

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin	R&D
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Cytora website traffic

Latest recorded traffic for Cytora is 10K monthly website visits, up 4.2% over the last three months. Cytora's team grew 1.5% over the past year.

Latest monthly visits10K 3-month web change+4.2% 1-year team growth+1.5%

Monthly website visitsOct 2014–Jul 2026

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