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Outmarket AI raised $17M in a Series A funding round to enhance insurance intelligence.

PRIVATEMay 13, 20263 months ago

Amount Raised

$17 Million

Round Type

Series A

San FranciscoInsurtechInsurance

Description

Outmarket AI has successfully secured $17 million in a Series A funding round. The investment aims to accelerate the development of their innovative insurance intelligence solutions. This funding will be utilized to enhance their technology and expand operations. The round was led by notable investors in the industry.

Company Information

Company

Outmarket

Location

San Francisco, California, United States

About

Outmarket is the #1 AI platform for insurance, designed to empower agencies to scale their business without increasing headcount. The platform focuses on improving client service and streamlining operations for commercial insurance brokers through innovative tools like the Proposal Builder. This new workflow drastically reduces the time spent on creating customized proposals, transforming a lengthy process into one that can be completed in minutes.

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1 contact
Verified contactsAnshu, Co-founder | Chief Product & Technology… hidden hidden
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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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