Outmarket AI Raises $34.5M for AI Platform in Insurance
News related to:Outmarket AI · 3 min read
SAN FRANCISCO, Sept. 25, 2026 /CourierPR/ -- Outmarket AI, a leading AI platform for insurance, has announced raising $34.5 million in Series B funding. This brings the company's total funding to $56.5 million. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital, and Dash Fund. This new funding comes just months after the company announced a $17 million Series A, highlighting the rapid growth and market adoption of Outmarket AI.
The company has scaled at a record pace, recently surpassing 10,000 active users. Today, Outmarket serves over 300 agency customers, including more than 25% of the Top 100 insurance agencies. The platform connects directly to agency management systems (AMS) to automate complex, high-stakes processes across commercial, benefits, personal lines, and specialty insurance. Customers using Outmarket report drastic reductions in manual work, minimized E&O exposure through AI-assisted policy gap detection, and increased revenue.
Outmarket's comprehensive platform offers a new Certificates workflow. This workflow automates the entire process of issuing certificates of insurance, a task that can be both high-volume and high-risk. Account managers can now issue certificates in a few minutes, significantly reducing certificate-related errors. The company has also recently launched an AI-powered loss run extraction and analysis tool, comprehensive employee benefits capabilities, and a unified data intelligence platform that provides agencies with a single source of truth.
Outmarket's rapid product momentum has attracted significant attention. The platform connects directly to agency management systems (AMS) to automate 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. This expansion will further enhance the platform's ability to provide real-time, accurate data and insights, driving efficiency and reducing errors across the insurance industry.
Outmarket's 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. This new funding will enable Outmarket to continue developing and refining its platform, ensuring it remains at the forefront of the insurance industry's digital transformation.
The scale Outmarket has reached this year has allowed it to build increasingly powerful capabilities into the platform. The Certificates workflow, for instance, 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.
In conclusion, the rapid growth and market adoption of Outmarket AI, coupled with the significant funding round, underscore the company's commitment to transforming the insurance industry through intelligent workflows and advanced AI technology. As Outmarket continues to expand its capabilities and reach, it is poised to play a pivotal role in shaping the future of insurance operations.