Kalepa Raises $75M Series B at $470M Valuation

Kalepa, based in New York, a company providing Professional Grade AI for the insurance industry, has raised $75 million in a Series B round, bringing its total funding to $91 million.

Investors

The funding round was led by Updata Partners, with participation from IA Ventures and Inspired Capital.

Kalepa Use of Funds

Kalepa plans to use the new capital to expand its AI product suite, enter new market segments, and double its headcount throughout 2027.

About Kalepa

Founded to bring specialized AI to the insurance sector, Kalepa provides a platform that orchestrates workflows across underwriting, pricing, operations, and portfolio management. Their technology is designed to assist insurers in risk selection and operational efficiency.

Funding Details

Company Website: https://kalepa.com

Company: Kalepa
Raised: $75M
Round: Series B
Funding Date: November 5, 2026
Lead Investor: Updata Partners
Additional Investors: IA Ventures, Inspired Capital
Company Website: https://kalepa.com
Software Category: Insurance Technology
Source: https://kalepa.com/news-posts/kalepa-raises-75-million-series-b