Taktile raises $54 million

Taktile has raised $54 million in a Series B funding round led by Balderton Capital, with participation from Index Ventures, Tiger Global, Y Combinator, Prosus Ventures, Visionaries Club, and former U.S. Treasury Secretary Larry Summers, bringing its total funding to $79 million.

Founded in 2020, Taktile’s platform helps financial institutions and fintech companies optimize risk management using AI. In insurance, it processes risk decisions, improving areas like credit risk, claims processing, and policy underwriting.

Clients include Allianz and Rhino.