AIUC raises $40M Series A from Ribbit & First Harmonic to build confidence infrastructure for frontier AI

SAN FRANCISCO, Sept. 15, 2026 /PRNewswire/ -- Artificial Intelligence Underwriting Company (AIUC) has raised a $40 million Series A led by Ribbit Capital, with participation from First Harmonic. Alongside its $15 million seed led by NFDG, the round brings its total funding to $55 million.

Risk, not capability, is becoming the binding constraint on AI adoption. Waymos are superhuman drivers. Yet Waymos aren't allowed in most places because the risk is hard to understand. Mythos still hasn't been widely released; not because it's a weak model, but precisely because it is so powerful. In short, there's a confidence gap.

This confidence gap is emerging for AI agents and models – enterprises and the public cannot use an AI system they cannot trust. This problem gets more acute as agents get smarter – and will soon bottleneck adoption.

Artificial Intelligence Underwriting Company has developed AIUC-1, the industry-driven standard for AI agents and the confidence infrastructure behind enterprise AI adoption. Frontier builders of the world's most-used AI agents, including Cursor, ElevenLabs, Harvey, KPMG, Lovable, UiPath and Fin, certify against it.

The standard tests how agents hold up against risks including jailbreaks, hallucinations and data leaks, using 5,000 risk-and-attack combinations tailored to each type of business. Agents are independently audited and recertified every quarter to keep pace with evolving threats. More than 250 security and risk leaders from the Fortune 1000 shape the standard through the AIUC Consortium and drive adoption inside their own organizations.

AIUC was founded by Rune Kvist and Rajiv Dattani. Kvist was Anthropic's first product hire. Dattani was a partner in McKinsey's insurance practice and COO of METR.

"Most enterprises have a list of AI agents that were approved in pilots but stalled at the security review," said Rune Kvist, co-founder of AIUC. "Evidence of security and reliability is now the main bottleneck."

"When electricity was burning down houses, the insurers paying the bill funded Underwriters Laboratories to test and certify products," said Rajiv Dattani, co-founder of AIUC. "To this day, the UL mark is on most light bulbs across America. AI needs the same combination of standards, testing and insurance."

From agents to superintelligence

AI that writes production code, drafts legal work, and answers customer calls for millions of people now carries the AIUC-1 trust mark. However, millions of agents are deployed every day. AIUC started at the application layer, where risk became the binding constraint on adoption first. That constraint is increasingly present at the model layer, where the same combination of standards, evaluations and insurance applies. The capital will help extend AIUC's audits, standards and insurance from agents to frontier models to create a strong ecosystem for frontier oversight. 

"We have spent over a decade backing companies in financial services where trust is the most important metric of success," said Micky Malka, founder and managing partner of Ribbit Capital. "AI is on that same path, and it is moving faster than the systems companies use to evaluate it."

"Rune & Rajiv broke through the cold-start problem. Aligning the ecosystem of AI builders, enterprises, security leaders, auditors and insurers around a single standard is required," said Nick Shalek, General Partner at Ribbit Capital. "Their insurance rigor, frontier AI experience and relentless focus on their mission are the ideal combination for this problem."

About Artificial Intelligence Underwriting Company
AIUC builds the confidence infrastructure for AI. It has developed AIUC-1, the industry-driven standard for AI agents, using independent audits and technical evaluations to help organizations assess the security, safety and reliability of the agents they deploy. Companies including Cursor, ElevenLabs, Harvey, KPMG, Lovable, UiPath and Fin carry the AIUC-1 trust mark. Founded by Rune Kvist and Rajiv Dattani, AIUC is headquartered in San Francisco and has raised $55 million to date.

For more information, visit aiuc.com or contact [email protected].

SOURCE AIUC