Graphene Harness turns insurance software delivery into an AI production line. Graphene v4 gives agents a governed core to run and change the business.
SINGAPORE, Sept. 15, 2026 /PRNewswire/ -- Peak3, a global provider of digital and AI-driven insurance software, today announced Graphene v4, the AI-native evolution of its insurance core platform, and Graphene Harness, an end-to-end AI-driven delivery lifecycle (AI-DLC) for building, testing, migrating and maintaining insurance systems.
Insurance is among the most complex and heavily regulated industries, and among the slowest to change its software. That makes it one of the hardest tests of what AI can actually do. Graphene Harness is Peak3's answer: not AI applied to a single step of the work, but AI applied to the whole production line that builds and maintains the mission-critical systems and agents insurers run on.
Bill Song, CEO of Peak3: "We are disrupting ourselves. Peak3 is moving from selling software and related services to providing the production line that builds it — our entire AI-DLC."
Graphene v4: a governed core for agents across Life, P&C and Health
Graphene v4 includes the Graphene Agent Platform, a model-agnostic platform to build, run, observe and govern AI agents, with a marketplace of pre-built agents for tasks such as medical underwriting, conversational first notice of loss, intelligent document processing and fraud detection in claims. With v4, agents move beyond running the business to changing it: they (re-)configure insurance products, calculations and rules from unstructured documents and natural-language prompts, grounded in the insurer's own knowledge and data. Configuration work that traditionally takes days is completed in minutes to hours.
Graphene is open and headless by architecture. Every capability is exposed to agents through APIs, MCP and CLI, so an agent acts on the core directly instead of driving a user interface, under access management, strict attribution and detailed logging of every agent interaction, enforced at code level rather than through prompt-level guardrails.
Graphene v4 can also be deployed standalone, as a lightweight middle layer between AI agents and an insurer's existing systems of record. This gives insurers a fast route to agent-ready core capabilities without a complex core replacement.
Graphene v4 also widens functional breadth across all three major business lines: the complete group health lifecycle including provider network management; commercial lines with co-insurance and reinsurance administered inside the core; indexed universal life and crypto-denominated policies; and native Takaful support alongside conventional business.
Graphene Harness: the first global insurance AI-DLC
Graphene Harness is an end-to-end AI-driven delivery lifecycle for insurance software, built on a virtual scrum team model. Peak3 distilled the working knowledge of its most experienced staff into digital twins of every key delivery role — business analyst, architect, engineer, tester, reviewer — and connected every stage of the lifecycle into one governed system: agent teams running on an AI engineering platform, grounded in a curated knowledge base, and connected with AI-driven testing, migration, diagnostics and CI/CD.
Peak3 builds and maintains Graphene itself on Graphene Harness today. It is now being made available to selected implementation partners who deploy Graphene, and Peak3 intends to make it available to clients over the next 6 to 12 months. Alongside Graphene Harness, Peak3 is expanding its forward deployed engineering teams, who build AI-first operations alongside client teams across both Peak3 platforms and the client's existing stack.
What this changes for the insurance industry
Insurance IT cost has been anchored to headcount and elapsed time. An AI production line breaks that link: the same scope is delivered by a smaller team in a shorter cycle. Where Graphene Harness is applied, Peak3 is already achieving a 50% reduction in end-to-end new-feature development and core system implementation cost, with timelines reduced accordingly. Peak3's stated ambition is 80% within 18 to 36 months. An insurer using Graphene Harness also owns the means of changing its core system, rather than depending on a vendor's delivery organisation.
Additional detail on Graphene v4 and Graphene Harness is available in the Graphene v4 Release Highlights here . For more information, visit www.peak3.com.
About Peak3
Peak3 is a global provider of digital and AI-driven software solutions for the insurance industry. Specialising in AI-native core and orchestration platforms and innovative data and AI applications, Peak3 enables insurers, MGAs and intermediaries across life, health and P&C insurance to accelerate growth, enhance customer experience and improve operational efficiency. Headquartered in Singapore, Peak3 serves over 50 leading insurance clients in more than 20 countries across EMEA and APAC. Every year more than a billion policies get transacted on Peak3's solutions.
Peak3 is not affiliated, associated, authorised, endorsed by, or in any way connected with Peak Reinsurance Company Limited or any of its subsidiaries ("Peak Re").
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Peak3 launches the first global insurance AI-DLC, alongside its AI-native core system
Financing accelerates development of ultra-efficient infrastructure for foundation AI models
EINDHOVEN, Netherlands, Sept. 15, 2026 /PRNewswire/ -- EUCLYD has signed a Series A financing round of more than €200 million, the company announced today. The round is co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former President & CEO of ASML, joins EUCLYD as Chairman of the Board.
As foundation models grow more capable, deploying them requires more power, memory bandwidth, and capital while adding infrastructure complexity. EUCLYD is developing a platform spanning crafted compute, innovative memory architecture, and datacenter systems to break this efficiency wall and transform AI inference economics.
EUCLYD's long-term vision is Abundant Intelligence: a future in which advanced AI is no longer constrained by infrastructure cost, power availability, or geography. Founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven, Europe's smartest square kilometer, EUCLYD draws on the campus's semiconductor ecosystem and Europe's engineering heritage.
At the center of EUCLYD's roadmap are craftwerk, the world's first agentic AI silicon, and craftwerk station CWS, the world's lowest-power exascale AI factory. The platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to overcome the memory and efficiency walls limiting AI performance and scalability.
"AI is becoming a foundation of economic growth, scientific discovery, and national competitiveness, but its potential will remain constrained unless we fundamentally change the infrastructure beneath it," said Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD. "This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI."
"The next phase of AI will be defined not only by model innovation, but also by the efficiency and scalability of its infrastructure," said Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center. "EUCLYD combines an accomplished team with a differentiated vision addressing constraints in AI datacenters."
"Europe has the engineering talent to produce globally significant technology companies," said Ted Persson, Partner at EQT and Co-Head of the Scaleup Europe Fund. "EUCLYD combines deep semiconductor expertise with a mission to tackle some of the hardest constraints in AI infrastructure. That mix of European engineering depth and global ambition is what we're here to back."
"Europe possesses world-class capabilities across semiconductors, advanced manufacturing, and systems engineering," said Peter Wennink, Chairman of the Board of EUCLYD and former President and Chief Executive Officer of ASML. "EUCLYD can transform those strengths into a globally competitive AI infrastructure platform."
The financing will expand EUCLYD's engineering organization, accelerate its silicon and systems roadmap, strengthen ecosystem partnerships, and prepare the company for commercial deployment across enterprise, sovereign, and hyperscale AI markets.
ABOUT EUCLYD
EUCLYD is a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models. Its roadmap spans agentic AI silicon, advanced memory architecture, and datacenter systems engineered to reduce cost, energy use, and footprint. EUCLYD is headquartered in Eindhoven, the Netherlands.
https://euclyd.ai/
MEDIA CONTACT
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Investor Information
About the Scaleup Europe Fund, managed by EQT
The Scaleup Europe Fund, managed by EQT, is a commercially driven alternative investment fund backing ambitious European technology companies with the potential to become global leaders. Targeting €5 billion, the Fund brings together public and private capital and invests across Deeptech, AI and Life Sciences.
EQT is a global investment organization with a Nordic heritage and more than three decades of experience developing companies. With €341 billion in total assets under management, EQT invests across the full lifecycle of companies, from start-up to maturity.
About Somerset Capital Partners
Somerset Capital Partners was founded in 2005 by Joes Daemen and pursues a long-term, multi-asset investment strategy. We invest both directly and indirectly across a diverse range of sectors, including technology, real estate, strategic land, data centres, consumer, and healthcare.
We partner with ambitious entrepreneurs and founders, recognising that transformative ideas require capital, conviction, and time. Therefore, we are committed to fostering enduring and impactful long-term relationships.
About Innovation Industries
Innovation Industries is a leading European Deep tech venture capital firm with €1 billion in capital under management. The firm invests in visionary science and engineering-based companies that tackle the world's most pressing challenges. With a strong belief that Deep tech can deliver both outsized financial returns and global impact, Innovation Industries partners with exceptional entrepreneurs and researchers to turn scientific breakthroughs into transformative companies. The firm provides long-term capital and strategic support from lab to scale, actively bridging the gap between academia and industry through close collaboration with leading technical universities, research institutions and industry partners. Innovation Industries has offices in Amsterdam, Eindhoven and Munich.
About EIFO
As Denmark's national promotional bank and official export credit agency, EIFO works to open doors for global business, drive the green transition, advance innovative technologies, and contribute to Denmark's security.
With total commitments exceeding EUR 24 billion and activities in more than 100 countries, EIFO provides financial solutions to Danish companies and their global partners.
EIFO is also Denmark's most active venture investor, investing in startups and VC-funds. In 2025, EIFO made 31 new investments in companies and 15 in funds. Altogether, EIFO has an investment portfolio of just over EUR 2,7 billion.
About imec.xpand
imec.xpand is one of the world's largest independent venture capital funds dedicated to early-stage semiconductor innovation. It targets ambitious startups where the knowledge, expertise and infrastructure of imec, the world-renowned semiconductor and nanotechnology R&D center, can play a determining role in their growth. imec.xpand has an outspoken international mindset towards building disruptive global companies and strongly believes that sufficient funding from the start is key to future success.
About Brabant Development Agency
Entrepreneurship is the driver of innovation – from sustainable food sources to a healthy future, climate-neutral energy, and developing promising key technologies. The Brabant Development Agency (BOM) ensures that startups playing a role in these fields receive the right support and funding to get off to a solid start and grow into scaleups, and that companies that aspire to go global can actually do so. BOM is an executive body of the Province of Brabant and the Ministry of Economic Affairs and Climate.
About Quadri
Quadri is a venture capital firm investing in category-defining companies across Enterprise AI, Physical AI, and AI Infrastructure. With offices in London and New York, we leverage our global enterprise network to accelerate commercial adoption and international expansion. For more information, visit quadri.vc.
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EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
