SAN FRANCISCO — Outmarket AI, an AI platform for insurance, has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. Coming just a few months after the company announced a $17 million Series A, the latest investment brings Outmarket’s total funding to $56.5 million.
The company said its decision to raise a Series B so soon after the previous round was driven by Outmarket’s explosive growth and rapid market adoption this year. The platform has scaled at a record pace, recently surpassing 10,000 active users. Today, over 300 agency customers, including over 25% of the Top 100 insurance agencies, rely on Outmarket daily to transform fragmented agency data into intelligent workflows. To support this scale, Outmarket has significantly expanded its growing team with top-tier talent spanning engineering, insurance operations, and customer success.
“We didn’t set out to raise again this soon, but the industry told us what it wants,” said Vishal Sankhla, CEO and Co-founder of Outmarket AI. “Agencies don’t want another point solution. They want an intelligence layer that understands their data and does the work. Every workflow we automate frees up hours that go back to clients, and that’s the future we’re building toward: an industry where the people who protect businesses and families spend their time on judgment and relationships, not on rekeying data. With this investment, we’re accelerating our roadmap to bring even more value to the agencies that depend on us every day.”
Outmarket’s comprehensive platform connects directly to agency management systems (AMS) automating complex, high-stakes processes across commercial, benefits, personal lines, and specialty insurance. Customers using Outmarket consistently report drastic reductions in manual work, minimized E&O exposure through AI-assisted policy gap detection, and increased revenue. For employee benefits professionals specifically, Outmarket’s tailored capabilities have become indispensable for streamlining renewals, benchmarking, and proposal generation. The company will also begin extending its capabilities to carriers later this year, laying the groundwork for a more connected market where information moves between agencies and carriers without manual handoffs.
“The scale we’ve reached this year has allowed us to build increasingly powerful capabilities into the platform,” said Anshu Jain, CTO and Co-founder of Outmarket AI. “Our architecture unifies structured and unstructured data so insurance professionals can execute workflows grounded in their actual policies, contracts and client records. When you build an AI platform that natively speaks the language of insurance, the value is immediate and it compounds with every workflow we add.”
In conjunction with the Series B announcement, Outmarket released a new Certificates workflow. Certificates of insurance are one of the highest volume and most thankless tasks in every agency. Account managers issue thousands of certificates a year, often within hours of a client request, and every one carries E&O exposure if a holder, endorsement or coverage requirement is missed. Outmarket’s Certificates workflow automates the entire process. It reads the client’s contract or lease, extracts the insurance requirements, checks them against the policies already in the AMS, flags any gaps, and generates the completed ACORD certificate with the correct holders, additional insureds and endorsements attached. Early customers report issuing certificates in a few minutes and significantly reducing certificate-related errors.
