Outmarket AI Secures $34.5M Series B to Scale Insurance Automation Platform

Outmarket, the leading AI platform for insurance, has announced a $34.5 million Series B funding round led by SignalFire, bringing the company’s valuation to $335 million. This investment comes just four months after a $17 million Series A, bringing the company's total funding to $56.5 million.

The company is experiencing rapid growth, recently surpassing 10,000 active users. The platform is currently utilized by over 300 agency customers, including more than 25% of the Top 100 insurance agencies in the market.

Alongside the funding, Outmarket has released a new Certificates of Insurance workflow. This AI-driven tool reads client contracts, extracts requirements, identifies coverage gaps, and generates completed certificates. This marks the company's fifth product launch since mid-June.

Full details on the platform and its capabilities can be found at outmarket.ai.