Outmarket raises $34.5M to automate insurance paperwork with AI
outmarket raised $34.5m to automate insurance paperwork with ai, helping brokers work faster and smarter in a $1t industry.
outmarket, founded by vishal sankhala, uses ai to automate tedious paperwork for insurance agencies and brokers. the company focuses on commercial insurance, which involves complex coverage options and custom tailoring for each business. outmarket's ai helps brokers quickly evaluate and recommend policies, and has attracted over 300 insurance agencies as customers. the startup raised $34.5m in series b funding, led by signalfire, with participation from fika ventures, permanent capital ventures, ttv capital, and dash fund. this brings the company's valuation to $355m.