Lazarus AI, the Boston-headquartered enterprise AI company, has announced $43m in funding, according to the release.
Investors participating include 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. The release does not name a lead investor, round type, or valuation.
Lazarus AI said it will use the funding to expand strategic partnerships, invest in research and development, and bring new products to market.
The company builds independent AI for enterprises and governments, covering complex documents, cybersecurity, and legacy modernisation, while customers keep control of their data, models, deployment, and economics. Its platform runs on-premises, in sovereign environments, or in a customer's cloud, with no per-token charges.
Its Applied Intelligence System, which handles complex documents, cites every finding to its source page. According to the company, it raised field-level accuracy by 12.5 points over standalone models across 150 customer use cases. Clearwing, its cybersecurity product, finds vulnerabilities in source code, reproduces them, grades the evidence, and proposes a fix. Constructor recovers business logic from decades-old systems and generates modern code, and is in pilots with two of the world's largest mainframe makers.
“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.”
Lazarus AI serves insurers, healthcare, government, and financial institutions across North America, Asia-Pacific, and Europe. Its customers include insurers, government agencies, and technology companies.
