Insurance Automation Startup Outmarket Raises $34.5M to Expand AI-Powered Workflow Platform

Commercial insurance broker Outmarket has secured $34.5 million in Series B funding to scale its AI-powered platform that automates tedious administrative work for insurance agencies. The funding round, led by SignalFire and joined by Fika Ventures, Permanent Capital Ventures, TTV Capital, and Dash Fund, values the three-year-old startup at $355 million post-money. The investment comes just four months after Outmarket raised $17 million in Series A funding, signaling rapid momentum in a sector where automation has historically lagged.