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Kalepa raises $75M in Series B funding led by Updata Partners, valuing the insurance AI startup at $470M five years after its Series A.

PRIVATENov 05, 2026

Amount Raised

$75 Million

Round Type

Series B

New YorkSoftwareArtificial IntelligenceAnalyticsInsurance

Investors

Gokul RajaramJacqueline ResesHenry WardPenny PritzkerUpdata Partners

Description

Kalepa, based in New York, has raised $75 million in a Series B round, led by Updata Partners, to further enhance its AI-driven insurance platform. The company has been cash flow positive for over two years and operates in over 10 countries. This funding comes as AI-focused companies dominate insurtech funding in Q2 2026. The round showcases the growing confidence in AI technologies in the insurance sector.

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Company Information

Company

Kalepa

Location

New York, New York, United States

About

Kalepa drives profitable premium growth for the commercial insurance industry. Our AI-powered platform helps underwriters focus on the highest-value opportunities, evaluate risk faster, and make smarter decisions. Backed by IA Ventures, Inspired Capital, and leaders in technology and financial services, Kalepa is shaping the future of commercial insurance through innovation and data-driven insights. Kalepa is backed by IA Ventures, Inspired Capital, and leaders in technology and financial services.

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Related People

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Kalepa raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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