Their startup, Artificial Intelligence Underwriting Company (AIUC) has raised $40 million in a Series A round led by Ribbit Capital, with participation from First Harmonic.

The three-year-old startup says it reached $15 million in ARR and profitability before raising its latest $15 million round.

AI agents are taking AI cheating to a new level by completing entire online college courses, from watching lectures and taking quizzes to writing papers and joining discussions.