Outmarket AI, a leading artificial intelligence platform built specifically for the insurance industry, announced on September 25, 2026, that it has secured US$34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital, and Dash Fund. This investment arrives only months after the company announced a US$17 million Series A and brings its total funding to US$56.5 million.
Growth and Rapid Market Adoption
The decision to raise a Series B so soon after the previous round was driven by explosive growth and rapid market adoption throughout the year. Outmarket has scaled at a record pace, recently surpassing 10,000 active users, and more than 300 agency customers now rely on the platform daily. These customers include more than 25% of the Top 100 insurance agencies, and the company has expanded its team with talent across engineering, insurance operations, and customer success.
Customer Value and Platform Capabilities
The Outmarket platform connects directly to agency management systems and automates complex processes across commercial, benefits, personal lines, and specialty insurance. Customers consistently report significant reductions in manual work, lower errors and omissions exposure through AI-assisted policy gap detection, and increased revenue. For employee benefits professionals, the platform streamlines renewals, benchmarking, and proposal generation, making these capabilities indispensable for daily operations.
New Certificates Workflow
In conjunction with the Series B announcement, Outmarket released a new Certificates workflow that automates one of the highest volume and most thankless tasks in every agency. The system reads a client contract or lease, extracts insurance requirements, checks them against policies already in the agency management system, flags any gaps, and generates the completed ACORD certificate with correct holders, additional insureds, and endorsements attached. Early customers report issuing certificates in a few minutes and significantly reducing certificate-related errors.
Technology and Carrier Expansion
Chief Technology Officer and Co-founder Anshu Jain stated that the platform's architecture unifies structured and unstructured data so insurance professionals can execute workflows grounded in actual policies, contracts, and client records. He added that building an AI platform that natively speaks the language of insurance delivers immediate value that compounds with every new workflow. Outmarket also plans to extend its capabilities to carriers later this year, laying groundwork for a more connected market where information moves without manual handoffs.
Investor Confidence
SignalFire Partner Tony Pezzullo said the firm has tracked Outmarket's trajectory closely and considers its execution over the past year exceptional. He noted that capturing this much market share in a short window is rare, especially in a complex vertical like insurance. Pezzullo added that Outmarket is not simply riding the AI wave, but is setting the standard for how agencies will operate in the intelligence era.
With US$56.5 million in total funding and a rapidly expanding customer base, Outmarket AI is positioned to deepen its role as an intelligence layer for the insurance industry. The new capital will support a faster product roadmap, stronger workflows for agencies, and an initial push into carrier-facing capabilities. As the company continues to convert fragmented agency data into automated action, it is shaping a more efficient and connected insurance market.