Artificial Intelligence Underwriting Company, known as AIUC, has raised a $40 million Series A led by Ribbit Capital, with participation from First Harmonic, bringing its total funding to $55 million. The startup is developing a third-party audit and certification system for enterprise AI safety, alongside insurance tied to audit results. AIUC says it was founded by Rune Kvist and Rajiv Dattani, while existing company background has also identified Brandon Wang as a founder. The San Francisco startup names Cursor, Lovable, Harvey and ElevenLabs as customers. Its AIUC-1 standard, inspired by cybersecurity frameworks and modeled on SOC 2, focuses on AI safety, reliability and compliance. AIUC tests agents against roughly 5,000 scenarios involving jailbreaks, hallucinations and data leaks, then produces a report of about 100 pages. AI agents conduct the tests and analyze results, while humans verify the final audit. AIUC developed the framework with law firm Orrick and input from about 250 security and risk leaders, including CISOs at Fortune 1000 companies. Audit results are linked to insurance coverage of up to $50 million for eligible enterprises. The approach addresses growing concern over the difficulty of controlling increasingly capable AI systems and rising demands for independent safety assessments.