Outmarket AI has secured $17 million in Series A funding as the company looks to accelerate development of its AI-powered insurance workflow platform for agencies and brokerages.

The funding round was led by Permanent Capital Ventures, with participation from SignalFire, Fika Ventures, TTV Capital, and Dash Fund, alongside strategic investments from agency networks, brokerage owners, and insurance industry executives. The latest raise brings the company’s total funding to $21.7 million.

Founded in 2023, Outmarket develops AI-driven operational tools for commercial, personal, benefits, and specialty insurance businesses. Its platform integrates with agency management systems and supports functions such as automated policy reviews, loss run analysis, and workflow automation designed to reduce manual processing across brokerage operations.

The company says it is focused on building a connected operating layer for insurance agencies rather than isolated point solutions. By combining workflow automation, AI-driven analysis, and data integration, Outmarket aims to help brokerages improve productivity, reduce administrative burdens, and speed up client servicing.

CEO and co-founder Vishal Sankhla said the insurance industry remains heavily dependent on fragmented systems and manual processes, creating an opportunity for AI-enabled operational platforms that can unify workflows across agencies.

The announcement also highlights growing investor interest in insurance infrastructure and workflow automation startups as brokerages increasingly adopt AI tools to streamline submissions, policy servicing, compliance checks, and back-office operations.

According to the company, customer adoption has expanded rapidly, with agencies using the platform to improve operational efficiency and reduce turnaround times for servicing and underwriting-related tasks.