The acquisition brings together Cytora’s AI-enabled risk digitisation platform with Applied Systems' suite of insurance solutions, enabling greater intelligent automation, connectivity and efficiency across the insurance lifecycle. Cytora was founded in 2012 as a University startup with early support from Cambridge Enterprise, which first invested in the company in 2014. Amanda Wooding, Deputy Head of Ventures, Cambridge Enterprise Ventures, said: “We are delighted to see Cytora reach this exciting milestone. The acquisition by Applied Systems is a strong endorsement of the transformative impact of their technology on the insurance industry. Read more about the acquisition from Cambridge Enterprise and Applied Systems.