Outmarket AI Secures $17M to Fuel Intelligence Era for Insurance Brokers

SAN FRANCISCO, CA – May 13, 2026 – Outmarket AI, a rapidly growing artificial intelligence platform purpose-built for the insurance industry, today announced it has closed a $17 million Series A funding round. The investment, led by Permanent Capital Ventures, signals strong investor conviction in the company’s mission to overhaul the operational backbone of insurance brokerages. The round, which brings Outmarket's total funding to $21.7 million, also saw participation from existing investors SignalFire, Fika Ventures, TTV Capital, and Dash Fund.

In a significant vote of confidence from the industry it serves, the funding includes strategic investments from leading independent agency networks and prominent agency owners. This capital infusion is earmarked to accelerate product development and expand the platform's reach, promising to introduce a new suite of AI-driven workflows designed to tackle some of the most complex processes in insurance.

Modernizing a Manual-First Industry

The global insurance market, a $6 trillion behemoth, has long been characterized by its reliance on manual processes, fragmented data systems, and institutional knowledge locked away in spreadsheets and email chains. Outmarket AI was founded to address this deep-seated inefficiency. The platform acts as an intelligent layer that connects directly to an agency's core management system, transforming disparate data into actionable insights.

"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," said Vishal Sankhla, CEO and Co-founder of Outmarket AI. "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."

Unlike many point solutions that address a single problem, Outmarket provides a comprehensive suite of tools that integrate with major Agency Management Systems (AMS) including Applied Epic, AMS360, HawkSoft, and Nexsure. This deep integration allows the platform to unify structured and unstructured data—from policy documents and quotes to applications and loss runs—creating a single source of truth that powers intelligent workflows across commercial, benefits, personal, and specialty lines.

From Hours to Minutes: The Tangible Impact on Brokerages

Since its launch in March 2025, Outmarket AI has demonstrated remarkable market traction. The company reports that its annual recurring revenue has grown 5X year-over-year, with over 250 of the world's top insurance brokerages now relying on the platform daily. According to the company, its technology is already processing millions of documents and saving customers a cumulative total of over a decade of manual work each month.

The benefits extend beyond mere time savings. Customers have reported up to a 65% reduction in errors and omissions (E&O) exposure, a critical risk factor for any brokerage. This is achieved through features like AI-assisted policy comparison and automated gap detection. In December 2025, the company launched its flagship Proposal Builder, which transforms the multi-hour, painstaking task of creating a client-ready proposal into a process completed in minutes.

This real-world impact is validated by industry leaders using the platform. "Outmarket is the best tool we've ever deployed in our agency," said Scott Robinson, CFO of Houchens Insurance Group, one of the largest independent insurance agencies in the United States. "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."

Investor Confidence and the Insurtech AI Boom

The significant Series A round is not just a milestone for Outmarket AI but also a bellwether for the broader Insurtech market. Venture capitalists are increasingly targeting companies that apply sophisticated AI to solve deeply entrenched problems in financial services. The complexity of insurance, with its unique language, regulations, and relationships, makes it a prime target for disruption by specialized AI platforms.

"Outmarket has cracked the code on applying AI to one of the most complex sectors in financial services," commented Jason Duboe, Co-Founder and Managing Partner at Permanent Capital Ventures. "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."

The continued participation from seed round investors underscores a sustained belief in the company's trajectory. This financial backing enables Outmarket AI to compete in a growing field where other AI-powered tools are emerging, though many focus on narrower applications like claims fraud or customer service chatbots rather than the holistic brokerage workflow.

Augmenting Brokers, Not Replacing Them

A central theme of Outmarket AI's philosophy is the augmentation of human expertise, not its replacement. By automating tedious and repetitive work—such as manually comparing quotes, checking policies for errors, or compiling data for submissions—the platform frees up brokers to concentrate on high-value strategic tasks. These include nurturing client relationships, providing sophisticated risk management advice, and negotiating complex placements.

"We built Outmarket from the ground up to understand the language, logic, and relationships that define insurance," explained Anshu Jain, CTO and Co-founder of Outmarket AI. "Our platform connects directly to the systems brokerages already run on, unifying structured and unstructured data into a single intelligence layer. Brokers can ask questions across their entire book of business, search carrier appetites in minutes instead of days, and run workflows grounded in their actual data. That's what makes Outmarket fundamentally different."

The platform's intelligent workflows are also designed to surface opportunities for growth, such as cross-selling possibilities, that were previously invisible or would have required hours of manual analysis to uncover. This shift turns the broker's role from a processor of paperwork into a strategic advisor powered by data-driven insights.

The company’s rapid ascent is powered by a leadership team that blends deep technical expertise from tech giants like Meta, Uber, and IBM with hands-on experience from Insurtech pioneers like Ethos. The recent addition of Alpesh Patel, formerly of Salesforce and DocuSign, as Chief Revenue Officer further strengthens its enterprise sales capabilities. With a robust roadmap that promises to more than double its platform's capabilities in 2026, Outmarket AI is positioning itself not merely as a software vendor, but as the foundational operating system for the future of insurance brokerage.