Last Updated: 6 March 2025
Outmarket AI, an intelligence platform designed to modernize commercial insurance, has raised $4.7 million in seed funding.
The round was led by Fika Ventures, with additional backing from TTV and Dash Fund. This investment will drive platform innovation, team expansion, and strategic partnerships with leading brokers and carriers.
Brokers and carriers know they need to unlock the power of their data to stay competitive, but outdated systems and manual processes slow them down. Outmarket is the missing intelligence layer that modernizes commercial insurance instantly. With AI-powered insights and automation, we help insurance professionals work smarter, win more deals and grow revenue — fast.”
Vishal Sankhla, co-founder and CEO of Outmarket AI
Commercial insurance is an $800 billion industry, yet inefficiencies cost brokers and carriers billions annually.
An estimated 80% of transactions still rely on manual processes such as emails, PDFs, and data entry. These outdated workflows slow response times and lead to missed revenue opportunities.
Outmarket AI leverages natural language processing, machine learning, and insurance-specific knowledge graphs to introduce AI-powered insights and automation into brokers’ and carriers’ workflows.
By integrating seamlessly into existing systems, Outmarket helps professionals enhance efficiency and unlock revenue potential without disrupting their current processes.
“Brokers and agents are the backbone of the insurance industry. AI isn’t here to replace them, but to supercharge their efficiency and success. Our vision is to empower every insurance professional with real-time intelligence at their fingertips. We’re just getting started.”
Anshu Jain, Co-founder/CTO of Outmarket AI
The newly secured funding will support Outmarket’s expansion in multiple key areas. The company plans to enhance its AI capabilities, refine its platform, and grow its team of AI researchers and insurance industry veterans.
Additionally, the funds will be used to establish strategic partnerships with top brokers and carriers to further streamline commercial insurance operations.
Early adopters—including leading commercial brokers, MGAs, and wholesalers—are already seeing transformative results.
Users report up to an 80% reduction in quote comparison and policy review times, turning what once took days into minutes.
Founded by Vishal Sankhla and Anshu Jain, Outmarket AI brings together a team with extensive experience in both AI and insurance. The team includes former leaders from IBM Watson, Meta, Uber, Adobe, and Ethos, a life insurance technology leader.
Outmarket AI is positioning itself as a connectivity layer for retail agencies, wholesalers, and carriers, offering seamless data exploration, automated reporting, and AI-driven recommendations.
The user-friendly platform allows insurance professionals to ask natural language questions and receive instant insights—without requiring technical expertise.
Fika Ventures led the $4.7 million seed round, with participation from TTV and Dash Fund. These investors bring deep expertise in fintech, insurtech, and AI-driven enterprise solutions, positioning Outmarket AI for accelerated growth.
“The Outmarket team has a powerful combination of deep AI expertise and insurance industry experience. They're not just building better software; they’re creating the platform that will power intelligent commercial insurance workflows for the next decade and beyond. We’re thrilled to partner with them on this journey.”
TX Zhuo, Managing Partner at Fika Ventures
Fika Ventures has backed several successful AI and fintech startups, while TTV and Dash Fund have extensive track records supporting innovation in financial services and insurance technology.
