Artificial Intelligence Underwriting Company raises $40M to insure AI agents

The Artificial Intelligence Underwriting Company, better known as AIUC, has closed a $40 million Series A funding round led by Ribbit Capital, with participation from First Harmonic. The raise brings the San Francisco-based startup’s total funding to roughly $55 million, positioning it as one of the better-capitalized players in the nascent market of insuring autonomous AI systems. What AIUC actually does AIUC’s core product is a framework called AIUC-1, which functions a lot like a SOC 2 certification but tailored specifically for AI systems. SOC 2 is the compliance standard that cloud companies use to prove they handle customer data responsibly. AIUC-1 does something analogous for AI safety, reliability, and compliance, then ties insurance coverage directly to the audit results. The coverage limits go up to $50 million per policy, meaning enterprises deploying autonomous agents can get meaningful financial protection if something breaks. The framework was developed with the law firm Orrick and incorporated input from over 250 CISOs at Fortune 1000 companies. AIUC was founded in 2024 by Rune Kvist, Brandon Wang, and Rajiv Dattani. The company emerged from stealth in July 2025 with...