Hyperexponential offers HX Renew, a decision-intelligence platform that enables insurers to build predictive models, integrate disparate data sources via APIs, and automate workflows using machine learning to assess risk. The company focuses on the property-casualty insurance market and draws insights from niche, sparse, and fragmented data. Hyperexponential says it has grown sales ten-fold since its last round while remaining profitable and counts clients such as Aviva. It currently operates in the U.K. and Poland and is planning international expansion into the U.S. market. The company intends to open a New York office, double headcount to more than 200, and move into adjacent markets including SME insurance. Its product positioning emphasizes capital-efficient, sustainable growth and integration with insurers’ existing systems. Hyperexponential builds mathematical modeling software for the commercial insurance sector via its SaaS platform, Renew, which helps actuaries, data scientists and underwriters build, deploy and update pricing models faster. The platform is aimed at both new market entrants and incumbent insurers seeking to transform with best-in-class analytics. Launched in 2017 by Amrit Santhirasenan and Michael Johnson, both software engineers and qualified actuaries, hx emphasizes a combination of actuarial expertise and software engineering. The company says it now services a client base responsible for $50 billion worth of premium. Leadership positions the product as a cloud-based toolset to expand to more insurers and insurtech companies with additional investment and support.

Total raised

$91M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2024