AIUC, the Artificial Intelligence Underwriting Company, has raised $55 million to audit and insure frontier AI models. The company announced the funding in a post on X.
The total includes a $40 million Series A led by Ribbit Capital, with First Harmonic participating. AIUC emerged from stealth in July 2025 with a $15 million seed round led by Nat Friedman’s NFDG, with participation from Emergence and Terrain.
AIUC’s model ties independent audits of AI agents to insurance. Its AIUC-1 standard assesses security, safety and reliability through roughly 5,000 risk-and-attack test scenarios, followed by quarterly recertification. The company says the standard was developed with input from more than 250 security and risk leaders.
In its funding announcement, AIUC listed Cursor, ElevenLabs, Harvey, KPMG, Lovable, UiPath and Fin among its customers and certified entities. AIUC says ElevenLabs secured a first-of-its-kind AI Agent insurance policy backed by its AIUC-1 certification.
Rune Kvist, described as Anthropic’s first product hire, is CEO and founded AIUC with Rajiv Dattani, a former McKinsey insurance-practice partner and former METR COO, and CTO Brandon Wang, a Thiel Fellow who previously founded a consumer underwriting business. Kvist said evidence of security and reliability has become the main constraint on enterprise AI adoption.
AIUC says its approach draws on Underwriters Laboratories’ role in building trust around electricity and automobiles. A competitor, Armilla AI, is a Toronto-based Lloyd’s of London coverholder offering AI liability insurance of up to $25 million, combining independent AI-system certification and a performance warranty with insurance underwritten by A-rated Lloyd’s syndicates.
