Outmarket Secured $34.5 Million Series B Funding

The AI startup will scale its insurance automation platform as it reaches a $355 million valuation.

Updated on Sept. 28, 2026 in Startups

Bold flat-color editorial illustration showing stacked geometric cubes in navy, cream, and orange, representing structured insurance data and policy automation. — Outmarket, an insurance automation startup that helps brokers manage complex commercial policy paperwork, secured $34.5 million in Series B funding. AI Illustration. Upload story photo >

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Do you trust AI to handle complex tasks currently managed by human insurance agents?

Outmarket has raised $34.5 million in a Series B round, pushing the insurance automation startup to a $355 million valuation. The company, which helps brokers manage complex policy paperwork, has acquired 300 agency customers since its launch 14 months ago.

Why it matters

The insurance sector remains heavily reliant on manual administrative tasks to manage complex, customized commercial coverage, creating a persistent bottleneck for agencies. By automating these processes, Outmarket aims to capture a larger share of a market where 95% of policies are still sold through human agents.

Outmarket raised $34.5 million in Series B funding, doubling its capital influx relative to the $17 million Series A round closed four months prior. The startup now holds a $355 million valuation while supporting a customer base of 300 insurance agencies.

The players

Outmarket

An AI-driven software startup that automates administrative and evaluation workflows for commercial insurance brokers.

SignalFire

A venture capital firm focused on data-driven investment strategies that led this Series B funding round.

The details

Outmarket uses AI to automate the labor-intensive paperwork required for commercial insurance, where brokers must navigate over 250 different coverage types. The platform assists agents in evaluating and recommending policies, addressing the operational drag caused by the industry's reliance on manual entry. This automated approach allows agencies to handle customized policies more efficiently without sacrificing the human-led sales model.

Outmarket was launched by Vishal Sankhala in late 2023.
The product platform launched 14 months ago.
The company raised a $17 million Series A round four months ago.
The $34.5 million Series B round was raised in September 2026.

Market Landscape

Outmarket is positioning itself within an industry where 95% of insurance is sold through human agents, a segment historically slow to adopt digital automation. The firm's growth follows a trend of venture-backed software startups targeting the manual administrative overhead endemic to commercial insurance.

Agency owners should monitor how AI-driven platforms like Outmarket integrate with their existing underwriting and compliance workflows to determine if automation can reduce administrative headcount costs. Operators should evaluate whether their current policy-recommendation processes remain competitive against firms utilizing AI to accelerate client response times.

The takeaway

The rapid cadence of Outmarket's fundraising—moving from a Series A to a Series B in just four months—signals significant investor confidence in the scalability of insurance automation. Agency leaders should track the company's platform updates regarding the 250 distinct insurance coverage types it supports to see if those tools fit their specific brokerage needs.