Outmarket raises $34.5M just months after prior funding round
The insuretech startup uses AI to automate tedious paperwork for insurance agencies and brokers, securing $34.5M in fresh funding.
Outmarket, an insuretech-focused startup, has closed a $34.5 million funding round only a few months after its previous investment round.
The company’s core product leverages artificial intelligence to streamline and automate the processing of paperwork, policies, and agreements for insurance agencies and brokers.
By reducing manual, repetitive tasks, the AI-driven solution cuts document preparation and review time dramatically, improving operational efficiency.
The new capital will be used to further develop the platform’s AI capabilities, enhance its features, and expand its customer base.
Strong investor participation in this round highlights growing confidence in AI-powered solutions within the insurance technology sector.
