GoKawiilGuidewire to acquire Hyperexponential for $1.7B cash
Insurance software firm Guidewire said Tuesday it will buy UK-based underwriting AI startup Hyperexponential for $1.7 billion in cash, with the deal potentially reaching $2 billion including a $400 million earnout tied to revenue targets. The acquisition is expected to close next year. Hyperexponential, founded in 2017 and backed by Andreessen Horowitz and Battery Ventures, has raised nearly $90 million and counts roughly 600 insurers across 40 countries as customers.