# Outmarket raises $34.5 million for insurance broker software

> The insurance software startup raised a Series B led by SignalFire, four months after its previous round. Outmarket uses AI to handle paperwork for commercial insurance brokers.

Oossa · 2026-09-28 · https://oossa.com/en/outmarket-raises-34-5-million-for-insurance-broker-software

Outmarket has raised $34.5 million in a Series B led by SignalFire, the startup announced. Founded in 2023 by former Ethos product leader Vishal Sankhla, it uses AI to automate paperwork and other administrative tasks for commercial insurance agencies and brokers.

The company says more than 300 agencies use its product, including a quarter of the 100 largest agencies. The new funding follows a $17 million Series A in May; a person familiar with the investment put Outmarket’s valuation at $335 million.

## The facts

- The Series B was led by SignalFire and included Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund.
- Outmarket says it serves more than 300 agencies; the article reports its new product launched 14 months ago.

## Why it matters

The funding backs efforts to reduce the paperwork burden in a commercial insurance market where brokers still handle complex, tailored policies.

## Sources & references

1. [Insurtech Outmarket raises $34.5M just months after prior round](https://techcrunch.com/2026/09/28/insuretech-outmarket-raises-34-5m-just-months-after-prior-round/) – TechCrunch, 2026-09-28

Last updated: 2026-09-28