AIUC (Artificial Intelligence Underwriting Company) announced on September 16, 2026 that it had completed a $40 million Series A led by Ribbit Capital and First Harmonic. In an interview on Latent Space, company CEO Rune Kvist framed this round as a continuation of the same hypothesis: at the seed round they bet that "risk will eventually slow AI adoption," which at the time was still speculation; now he says that moment has arrived, and risk is "obviously" the main constraint on adoption.
This judgment deserves to be pulled out on its own, because it is not a judgment about model capability but about market structure. Kvist's evidence is the customer list—he says AIUC currently works with companies such as Cursor, Harvey, Lovable, and ElevenLabs. These companies sit at the application layer, facing end users and enterprise procurement directly, so they are more sensitive to liability attribution than the model layer. It should be noted that the specific scope of the customer relationships, the nature of the contracts, and their scale were not elaborated in the interview, so this can only be treated as the company's claim.