Outmarket AI raises $4.7 million to automate commercial insurance workflows

Outmarket AI , a startup aiming to modernize commercial insurance with AI-driven automation, has raised $4.7 million in seed funding led by Fika Ventures, with additional backing from TTV and Dash Fund.

Founded in 2023 with a team of approximately six, the company is developing an intelligence layer for brokers and carriers, streamlining processes such as submissions intake, quote comparisons, and policy reviews through AI-powered agents.