QuotedData’s morning briefing 6 February 2024:

• Augmentum Fintech (AUGM) announced a £4 million investment into London based insurtech Artificial Labs. Augmentum has led Artificial’s £8 million Series A+ round, which also includes participation from existing investors MS&AD Ventures and FOMCAP IV, alongside other investors. Artificial is an established underwriting technology provider for the London Insurance Market. The company partners with global insurers and brokers to facilitate algorithmic placement of commercial and specialty risk.