Outmarket AI Raises $17M to Expand AI Platform Purpose-Built for Insurance
Co-founders Vishal Sankhla and Anshu Jain are building the intelligence layer for modern insurance brokerages.
Insurance remains one of the largest industries in the world, but many brokerage workflows still depend on manual processes, disconnected tools, and institutional knowledge.
Outmarket AI is working to change that by building an AI platform purpose-built for insurance brokerages.
The team announced its $17 million Series A, led by Permanent Capital Ventures, with participation from SignalFire, Fika Ventures, TTV Capital, Dash Fund, and strategic investors across the insurance ecosystem. The round brings Outmarket’s total funding to $21.7 million and reflects growing confidence in the company’s vision for the future of insurance operations.
Outmarket’s platform connects directly to agency management systems and transforms structured and unstructured brokerage data into an intelligence layer that powers key workflows across commercial, benefits, personal lines, and specialty insurance.
The company is already seeing strong market adoption. Since launching in March 2025, Outmarket has grown ARR 5x year-over-year and is now used by more than 250 leading insurance brokerages. Its platform processes millions of quotes, policies, applications, and loss runs documents, helping customers save more than a decade of manual work each month.
The impact extends beyond efficiency. Customers have reported up to a 65% reduction in errors and omissions through AI-assisted policy comparison and gap detection. Brokerages are also using Outmarket to improve win rates, identify cross-sell opportunities, and deliver better service to clients in less time.
The broader shift across insurance is clear. Brokerages are moving from manual, fragmented processes toward connected, AI-enabled infrastructure that can support every stage of the brokerage workflow.
The funding will support continued platform expansion, including new AI-driven workflows for complex, high-stakes insurance processes. Outmarket also plans to more than double its product capabilities in 2026 as it expands across commercial lines, benefits, personal lines, and specialty insurance.
For Vishal, Anshu, and the team, the opportunity is to build the operating system for the modern insurance brokerage and help define how the industry works in the years ahead.
Read the full article on PRNewswire.