Lazarus AI raises $43 million for independent AI

Lazarus AI announced $43 million in funding, with participation from QBE, Mucker Capital, Motivate Ventures, State Farm Ventures, Wave Function Ventures, Indelible Solutions, Joyance Partners, AllegisNL Capital, One Way Ventures, AngelList, Techstars, Plug and Play and others. Lazarus applies AI to consequential problems while customers keep control of data, models, deployment and economics.

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Lazarus AI raises $43M to expand independent AI that enterprises and governments can control, verify, and own.

“The opportunity in AI is enormous. So is the question of control: who chooses the models, where data runs, how costs behave, and whether an organization can still change direction,” said Alex Panait, CEO of Lazarus AI. “Our customers keep sensitive data inside their walls, approve every model change and see the evidence behind every result.”

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Lazarus is trusted by the world’s largest and most regulated organizations, including insurers, government agencies and technology companies, to run production AI across three areas:

• Understanding complex documents. The Applied Intelligence System cites every finding to its source page and has raised field-level accuracy 12.5 points over standalone models across 150 customer use cases.
• Strengthening cybersecurity. Clearwing finds vulnerabilities in source code, reproduces them, grades the evidence and proposes a fix; engineers decide when it lands.
• Modernizing critical technology. Constructor recovers business logic from decades-old systems and generates modern code proven equivalent to the original, now in pilots with two of the world’s largest mainframe makers.

The platform runs on-premises, in sovereign environments or in a customer’s cloud, with no per-token charges and no rebuild when models or hardware change. In a modeled high-volume scenario, it cut annual operating costs 78% versus pay-per-use frontier models.

Lazarus will use the funding to expand strategic partnerships, invest in R&D and bring new products to market.

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About Lazarus AI

Lazarus AI builds independent AI for enterprises and governments, from complex documents to cybersecurity and legacy modernization, while customers keep control of their data, models, deployment and economics. Headquartered in Boston, Lazarus serves insurers, healthcare, government and financial institutions across North America, Asia-Pacific and Europe. Independent AI for an Independent World.