Outmarket AI Raises $34.5M Series B to Expand Its Leading Position as an Insurance-Focused AI Platform
Outmarket AI, a leading artificial intelligence platform tailored for the insurance industry, has raised $34.5 million in its Series B funding round led by SignalFire and supported by several other venture capital firms. This follows closely on the heels of their earlier $17 million Series A raise just months ago, bringing total funding to $56.5 million. The rapid growth and widespread adoption of Outmarket's platform have driven this new investment. The company has surpassed 10,000 active users with over 300 agency customers using the system daily. Its AI-driven workflows are helping agencies reduce manual tasks, minimize errors in policy management, and increase efficiency. Outmarket plans to use the funding to accelerate its product development roadmap and expand into new capabilities for carriers later this year. The company recently launched a Certificates of Insurance workflow that automates one of the most error-prone processes in insurance operations.
