Outmarket AI, a newly launched intelligence platform designed to transform the commercial insurance sector, has raised $4.7m in a seed funding round.
The investment was led by Fika Ventures, with additional participation from TTV and Dash Fund.
The capital injection is expected to accelerate Outmarket AI’s product development, grow its team, and strengthen strategic partnerships with leading brokers and insurance carriers.
The company, which was founded by experts in both InsurTech and artificial intelligence, has created a platform that directly integrates into the existing workflows of brokers and carriers. By embedding AI-powered automation and real-time insights into these processes, Outmarket AI aims to streamline operations, improve efficiency, and unlock new revenue opportunities for insurance professionals.
Commercial insurance is an industry valued at approximately $800bn, yet much of the sector still relies on outdated processes such as email, PDFs, and manual data entry, Outmarket stated. These inefficiencies contribute to billions in lost productivity each year. Outmarket AI aims to tackle these challenges by using advanced natural language processing, machine learning, and insurance-specific knowledge graphs to deliver actionable insights and automation directly into brokers’ and carriers’ current workflows.
Vishal Sankhla, co-founder and CEO of Outmarket AI, said, “Brokers and carriers know they need to unlock the power of their data to stay competitive, but outdated systems and manual processes slow them down. Outmarket is the missing intelligence layer that modernizes commercial insurance instantly. With AI-powered insights and automation, we help insurance professionals work smarter, win more deals and grow revenue — fast.”
Early adopters of Outmarket AI, including some of the top 100 commercial brokers, managing general agents (MGAs), and wholesalers, have already reported transformative results. According to the company, clients have cut quote comparison and policy review times by up to 80%, turning processes that used to take days into minutes.
The platform’s AI capabilities extend beyond operational efficiencies. Outmarket AI provides real-time market intelligence, giving brokers and carriers insights into premium trends, client profitability, and market appetite. Its user-friendly interface allows insurance professionals to ask natural language questions and receive instant, AI-driven recommendations without needing technical expertise.
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