The insurance intelligence and security technology developer has raised $37m altogether, with UL Ventures investing in its latest round.
Arceo.ai, a US-based developer of cyber risk assessment and insurance trading tools, has collected a total of $37m in funding from investors including UL Ventures, the corporate venturing arm of safety and regulatory services provider UL.
Lightspeed Venture Partners and Founders Fund co-led the round, which also featured fellow venture capital firm CRV. It followed an undisclosed amount of seed funding from Lightspeed and CRV when the company was founded in 2016.
Arceo has created a software platform that helps…
