Outmarket AI has raised $34.5 mn in Series B funding as the insurance software company expands its AI platform across agency workflows and prepares to enter the carrier market.
SignalFire led the round, joined by Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The financing comes only a few months after Outmarket announced a $17 mn Series A and takes its total funding to $56.5 mn.
The company said growth during 2026 prompted it to return to investors sooner than originally planned.
Outmarket recently passed 10,000 active users and now works with more than 300 insurance agencies. Its customers include more than 25% of the Top 100 insurance agencies, according to the company.
The business has also expanded its engineering, insurance operations and customer success teams as usage of the platform has increased.
“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. Sankhla said agencies are looking for software able to work across their existing data rather than another isolated application.
Outmarket’s focus is on automating work that otherwise requires employees to search files, re-enter information or manually move data between systems.
The company’s platform connects directly with agency management systems, or AMS platforms, and supports workflows across commercial insurance, employee benefits, personal lines and specialty business.
Outmarket said customers have reported lower levels of manual work, fewer errors and omissions risks through AI-assisted policy gap detection, and additional revenue opportunities.
Its employee benefits software focuses on work including renewals, benchmarking and proposal generation, areas where brokers often handle large amounts of policy, plan and client information manually.
Later this year, Outmarket plans to extend parts of the platform to insurance carriers. The planned expansion is intended to reduce manual information transfers between agencies and insurers, especially where employees still rekey data or move information between disconnected systems.
Our architecture unifies structured and unstructured data so insurance professionals can execute workflows grounded in their actual policies, contracts and client records.
Anshu Jain, CTO and co-founder of Outmarket AI
Jain said the company has concentrated on insurance-specific data and terminology rather than developing a general-purpose AI layer. As Outmarket adds workflows, each one uses the same underlying policy, contract and account information already available inside the platform.
For agencies, the model is straightforward. Data already stored across management systems and documents becomes usable by AI across several operational tasks instead of remaining trapped inside individual files or applications.
Alongside the funding announcement, Outmarket released a Certificates of Insurance workflow designed to automate one of the more repetitive service tasks handled by insurance agencies.
Account managers often process large volumes of certificate requests, sometimes under tight turnaround times. Each request also creates E&O exposure when certificate holders, required endorsements or contractual insurance terms are entered incorrectly or missed.
Outmarket’s new workflow reads a client’s contract or lease and extracts its insurance requirements. It then compares those requirements with policies stored in the agency’s AMS.
If the contract contains requirements that aren’t supported by the existing policies, the software flags the gaps for review. The system then generates the ACORD certificate, including the relevant certificate holders, additional insured information and endorsements.
Outmarket said early users have reduced certificate processing to a few minutes while cutting certificate-related errors. The workflow adds another transaction-heavy use case to a product range that has expanded throughout the year.
Recent releases include AI-based loss run extraction and analysis, employee benefits tools for broker workflows and a data intelligence platform designed to bring agency information into a single searchable system.
The loss run product extracts information from loss documents and prepares it for analysis. Employee benefits functions address tasks around renewals and plan comparisons, while the data platform gives users a shared place to query information held across agency records.
Together, those releases show where Outmarket is concentrating its product development: operational work where insurance employees repeatedly collect, compare or transfer information before completing the actual service or underwriting task.
Outmarket’s Series B follows a period in which insurance technology companies have increasingly moved AI products away from general chat interfaces and toward specific workflows tied to policy, claims and customer data.
The company is now extending that model across a wider range of jobs. Certificates, loss runs, employee benefits proposals and policy gap reviews all involve different tasks, but each depends heavily on extracting insurance information and checking it against other records. That shared data layer is central to Outmarket’s product strategy.
The Series B gives the company additional capital to expand those workflows, hire staff and prepare its first carrier-facing products. Outmarket hasn’t disclosed a valuation for the round. The company also hasn’t provided detailed revenue figures, making customer adoption and active-user growth the main public measures of its expansion so far.
More than 300 agencies now use the platform, with over 10,000 active users across those customers. Outmarket said its customer base includes major agencies operating across commercial, personal, benefits and specialty insurance.
For the next stage, the company is moving beyond agency-side automation. Connecting carriers would give Outmarket a position on both sides of insurance distribution, where a large amount of information still passes through email, documents, spreadsheets and manual system entries.
