Home/Events/Outmarket Raises $34.5M Series B for AI in Insurance

Outmarket Raises $34.5M Series B for AI in Insurance

Confirmed

Confidence

90%

Impact: 80%

Updated 1h ago

Consensus Brief

Outmarket, a startup founded by Vishal Sankhala, has raised $34.5 million in a Series B funding round led by SignalFire, just four months after securing $17 million in a Series A. The company uses AI to automate administrative tasks for insurance agencies and brokers, focusing on commercial insurance.

Sourced from

TechCrunchT2

Primary: TechCrunch

What Changed Since Last Update

1h ago

The company has successfully raised an additional $34.5 million in funding, increasing its valuation to $355 million.

Claim Ledger

4 claims tracked across sources

Confirmed Fact

Outmarket raised $34.5 million in Series B funding.

Confirmed Fact

The company was valued at $355 million after the funding round.

Confirmed Fact

Outmarket has over 300 insurance agencies as customers.

Confirmed Fact

The startup focuses on automating tasks for commercial insurance.

Role-Based Impact Analysis

Source Timeline

1 source corroborating

Insuretech Outmarket raises $34.5M just months after prior round

TechCrunch·1h ago