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US insurtech company Outmarket completed a $34.5 million Series B funding round, reaching a valuation of $355 million.
Outmarket, a U.S. insurtech company, announced the completion of a $34.5 million Series B funding round led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital, and Dash Fund. This round comes just four months after its $17 million Series A funding, bringing the company's valuation to $355 million. Outmarket leverages AI technology to help insurance carriers and brokers automate tedious paperwork, and currently serves over 300 insurance organizations, including 25 of the top 100.
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