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Outmarket raises $34.5M Series B led by SignalFire to expand AI-powered insurance automation platform.
Amount Raised
$34.5 Million
Round Type
Series B
San FranciscoInsurtechInsuranceInvestors
Description
Outmarket, an AI-powered platform that automates administrative tasks for insurance agencies and brokers, has raised $34.5 million in Series B funding led by SignalFire. The startup, founded by Vishal Sankhala (formerly of Ethos), helps insurance professionals streamline complex commercial insurance processes involving over 250 coverage types. Since launching its product 14 months ago, Outmarket has attracted over 300 insurance agencies, including 25% of the top 100. The funding demonstrates strong investor confidence in the company's rapid growth trajectory within the traditionally slow-moving insurance industry.
Fundz sees it the moment Outmarket raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansOutmarket raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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