Insuretech Outmarket raises $34.5M just months after prior round
Outmarket’s new Series B values the insurance automation startup at $355 million.
The $34.5 million round was led by SignalFire, four months after a $17 million Series A. Outmarket uses AI to automate paperwork for commercial insurance brokers and agencies. The company says more than 300 agencies use its product, including 25% of the top 100. Sankhala argues the market is large enough for more growth, with U.S. property and casualty premiums alone above $1 trillion annually. TechCrunch AI's note
The $34.5 million round was led by SignalFire, four months after a $17 million Series A. Outmarket uses AI to automate paperwork for commercial insurance brokers and agencies. The company says more than 300 agencies use its product, including 25% of the top 100. Sankhala argues the market is large enough for more growth, with U.S. property and casualty premiums alone above $1 trillion annually. TechCrunch AI's note
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