Guidewire to acquire hyperexponential

Guidewire has agreed to acquire Hyperexponential for $1.7 billion in cash, plus up to $400 million if it meets recurring revenue targets.

hyperexponential is a London-based agentic platform provider of AI-native underwriting and pricing software for commercial lines P&C insurers. The company, which was founded in 2017, publicly disclosed $91 million in funding.

“We’re delighted to welcome Amrit Santhirasenan and the team at hyperexponential to Guidewire. There isn’t another company in the world whose passion for insurance, technical ambition, and vision for the potential of AI in insurance align so closely with our own. Insurance is a distinctly complex industry, where the quality of risk decisions has an immense impact on business outcomes. Guidewire and hyperexponential are uniquely positioned to deliver industry-specific AI solutions that will transform commercial underwriting. Together we will bring greater and more scalable intelligence to the insurance decisions that will help underwrite the risks of tomorrow.” – Mike Rosenbaum, chief executive officer, Guidewire.

“We founded hyperexponential on the conviction that underwriting judgment is the highest-leverage work insurers do. Guidewire is the most trusted name in P&C insurance technology, with deep expertise in managing and safeguarding the policy and risk information insurers rely on throughout the insurance lifecycle. Together, we’ll bring insight from submission to bind and from the individual risk to the entire portfolio. With hx and Guidewire, insurers will be able to respond to submissions faster and, more importantly, improve loss ratios and allocate capital more effectively.” – Amrit Santhirasenan, CEO and co-founder, hyperexponential.