The University of Cambridge Enterprise Fund V and the Parkwalk Opportunities Fund have closed an investment into Cytora, an artificial intelligence risk analytics spin-out from the University of Cambridge.

Cytora raised $5.9 million in new financing from investors including divisions of QBE’s venture capital arm and Starr Cos.

QBE Ventures, Starr Global Holding, Cambridge Innovation Capital, Cambridge Enterprise and Parkwalk participated in the round. Other investors who committed funding include Finnish software developer Ilkka Paananen, CEO of gaming studio Supercell, and Paul Foster, a co-founder of, an employment-related search engine.