Outmarket AI closes $17M Series A to automate insurance brokerages
Insurance brokerage runs on manual work: policy comparisons, loss run reviews, carrier appetite checks, and proposal generation. Outmarket AI is betting $17 million that brokerages are ready to hand most of that to an AI layer.
The Round
The Series A was led by Permanent Capital Ventures, with participation from SignalFire, Fika Ventures, TTV Capital, and Dash Fund. Strategic investors from insurance networks and brokerage leadership also joined. Total funding now sits at roughly $21.7 million.
What the Platform Does
Outmarket AI connects directly to agency management systems including Applied Epic, AMS360, HawkSoft, and Nexsure. It processes structured and unstructured data together, giving brokerages a single operational view across their book of business.
Specific capabilities include policy comparison, automated checking, carrier appetite analysis, and loss run reviews. The company launched a Proposal Builder in late 2025 that it says cuts proposal creation from hours to minutes. The 2026 roadmap includes additional AI-powered workflow modules.
The platform is built on SOC 2 Type 2, ISO 27001, and HIPAA standards, which matters for anyone selling into regulated insurance environments.
Early Traction
Since launching in 2025, the company reports annual recurring revenue growth of 5x year over year. More than 250 brokerages now use the platform globally. Outmarket estimates its system saves more than a decade of manual work each month across its customer base and claims error and omission reductions of up to 65 percent.
Team and Go-to-Market
The leadership team includes alumni from Uber, IBM, Ethos, and Meta, alongside insurance industry veterans. The company recently appointed Alpesh Patel as Chief Revenue Officer. Patel comes from Salesforce and DocuSign, with enterprise insurance deal experience.
For operators building in or adjacent to insurtech, the traction numbers here are worth tracking. A 5x ARR growth rate with 250-plus brokerage customers is a signal that vertical AI automation is finding real purchase in a sector that has historically been slow to change.
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