Liberate raises $50 million

Liberate, “the AI company reinventing how insurance carriers and agencies operate and serve their customers,” announced a $50 million Series B funding round led by Battery Ventures, with participation from Canapi Ventures, Redpoint Ventures, Eclipse, and Commerce Ventures. This follows the company’s Series A led by Redpoint just over a year ago, bringing its total funding to $72 million.

Founded in 2022, Liberate originally launched with a low-code platform that gave insurers the ability to build digital self-serve experiences for claims and underwriting and orchestrate workflows across their entire ecosystem of solution providers and core systems. The company later launched a voice AI solution and it now plans to build AI agents to automate manual tasks for the insurance industry.

“Our singular focus on the P&C insurance industry, pre-packaged integrations into most major carrier core systems & agency management systems, and emphasis on end-to-end resolution of calls and emails has enabled us to demonstrate real ROI with every carrier and agency we work with. The Series B funding will allow us to further accelerate the deep AI reasoning capabilities we have in our autonomous task resolution agents and help our customers deliver the best customer experience at the industry’s lowest cost.” – Liberate co-founder and CEO Amrish Singh.