Outmarket AI, a San Francisco, CA-based intelligence platform built for the commercial insurance industry, has launched with $4.7 million in seed funding.
Investors
The round was led by Fika Ventures, with participation from TTV and Dash Fund.
Fika Ventures is an early-stage venture capital firm based in Culver City, California, specializing in B2B software startups. Founded in 2016, the firm focuses on sectors like fintech, healthcare, vertical SaaS, and AI-driven companies.
Outmarket AI Use of Funds
The investment will be used to advance Outmarket’s platform innovation, expand its team, and establish strategic partnerships with leading brokers and carriers.
About Outmarket AI
Founded in 2024 by Vishal Sankhla and Anshu Jain, Outmarket AI provides an intelligence platform designed to transform commercial insurance, improve productivity, and enable brokers and carriers to access valuable data to make smarter decisions. Its AI-powered platform integrates directly into brokers' and carriers' workflows, using natural language processing, machine learning, and insurance-specific knowledge graphs to automate insights, streamline operations, and uncover revenue opportunities in real-time.
Funding Details
Company: Outmarket AI
Raised: $4.7M
Round: Seed
Funding Date: March 2025
Lead Investor: Fika Ventures
Additional Investors: TTV, Dash Fund
Company Website: https://outmarket.ai/
Software Category: AI Commercial Insurance
Source: https://www.businesswire.com/news/home/20250304826350/en/