Outmarket AI, a San Francisco, CA-based AI platform purpose-built for the insurance industry, has raised $17 million in Series A funding, bringing its total funding to $21.7 million.
Investors
Led by Permanent Capital Ventures, with participation from SignalFire, Fika Ventures, TTV Capital, Dash Fund, and strategic insurance industry investors.
Permanent Capital Ventures is a Chicago-based venture capital firm focused on expansion-stage AI and enterprise software companies. Founded in 2024, the firm invests in startups that have already achieved early product-market fit and are preparing to scale commercially, particularly in enterprise markets.
Outmarket AI Use of Funds
The company will use the funding to expand its AI-driven insurance workflows, enhance platform capabilities, and support growth across commercial, benefits, personal lines, and specialty insurance markets.
About Outmarket AI
Outmarket AI is an AI-powered platform designed specifically for the insurance industry. Purpose-built for brokerages, Outmarket delivers intelligent workflows across commercial, benefits, personal lines, and specialty insurance that turn hours of manual work into minutes. Launched in March 2025, Outmarket AI serves more than 250 insurance brokerages and processes millions of insurance-related documents. Outmarket AI integrates with major agency management systems, including Applied Epic, AMS360, HawkSoft, and Nexsure. Headquartered in San Francisco, California, the company supports enterprise-grade compliance standards, including SOC 2 Type 2, ISO 27001, and HIPAA.
Funding Details
Company: Outmarket AI Inc.
Raised: $17.0M
Round: Series A
Funding Date: May 2026
Lead Investor: Permanent Capital Ventures
Additional Investors: SignalFire, Fika Ventures, TTV Capital, Dash Fund
Company Website: https://outmarket.ai/
Software Category: InsurTech / AI Insurance Workflow Automation
Source: https://www.prnewswire.com/news-releases/outmarket-ai-raises-17m-series-a-to-power-the-intelligence-era-of-insurance-302770379.html/