Outmarket AI has raised $34.5 million in Series B funding to expand its AI platform for insurance agencies and carriers. SignalFire led the round, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund.
The financing comes only months after Outmarket announced a $17 million Series A and brings total funding to $56.5 million.
Outmarket said it has surpassed 10,000 active users and now serves more than 300 insurance agency customers, including more than 25% of the Top 100 insurance agencies.
The company’s platform connects directly with agency management systems and uses structured and unstructured agency data to automate workflows across commercial insurance, employee benefits, personal lines and specialty insurance.
Outmarket said customers use the system to reduce manual work, identify potential policy gaps and automate workflows involving renewals, benchmarking and proposal generation.
The company plans to begin extending its capabilities to insurance carriers later in 2026.
Alongside the financing, Outmarket introduced a Certificates of Insurance workflow.
The technology reads client contracts or leases, extracts insurance requirements, compares those requirements with policies already stored in the agency management system, identifies gaps and generates completed ACORD certificates with relevant holders, additional insureds and endorsements.
Outmarket said early users are completing certificate workflows in minutes while reducing errors.
The product joins other capabilities including AI-powered loss run extraction, employee benefits tools and a unified insurance data intelligence platform.
KEY QUOTES:
“We didn’t set out to raise again this soon, but the industry told us what it wants. 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.”
Vishal Sankhla, CEO and Co-Founder of Outmarket AI
“The scale we’ve reached this year has allowed us to build increasingly powerful capabilities into the platform. 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.”
Anshu Jain, CTO and Co-Founder of Outmarket AI
“We’ve tracked Outmarket’s trajectory closely, and their execution over the past year has been nothing short of exceptional. To capture this much market share in such a short window is a rare achievement, and even rarer in a complex vertical like insurance. Outmarket isn’t just riding the AI wave; they are the undisputed market leaders setting the standard for how agencies will operate in the intelligence era. We are thrilled to lead this Series B and double down on their vision.”
Tony Pezzullo, Partner at SignalFire
