Outmarket AI raises $17 million

Outmarket AI has raised $17 million in Series A funding led by Permanent Capital Ventures, with participation from SignalFire, Fika Ventures, TTV Capital, and Dash Fund. The round also includes strategic investments from “leading independent agency networks, prominent agency owners, and senior industry executives.” This investment brings Outmarket’s total funding to $21.7 million.

Founded in 2023, Outmarket delivers intelligent workflows across commercial, benefits, personal lines, and specialty insurance. The platform connects to agency management systems and some of the features include automated policy checking and loss run analysis.

“Insurance is a $6 trillion industry that still runs on manual processes, institutional knowledge, and disconnected tools. We’re not building another point solution. We’re building the platform that brings it all together. What we’ve shipped so far is just the beginning. The workflows we’re developing next will fundamentally change what’s possible for a brokerage. We chose Permanent Capital Ventures to lead this round because they are operators who understand what it takes to build a category-defining company, and that’s exactly what we intend to do.” – Vishal Sankhla, CEO and Co-founder of Outmarket AI.

“Outmarket is the best tool we’ve ever deployed in our agency. The engagement across our team has been remarkable. Outmarket allows us to deliver a better product to our clients in less time. It’s changed how we work.” – Scott Robinson, CFO of Houchens Insurance Group.

“Outmarket has cracked the code on applying AI to one of the most complex sectors in financial services. Their obsession with deeply integrated workflows has created a platform that brokers don’t just adopt, they depend on. The speed at which Outmarket has built a loyal customer base is a testament to the product and the team behind it. We’re proud to lead this round and help scale their vision.” – Jason Duboe, Co-Founder and Managing Partner at Permanent Capital Ventures.