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Outmarket raises $34.5M Series B led by SignalFire

Outmarket, an AI startup that automates paperwork for commercial insurance brokers, has raised a $34.5 million Series B round led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The company, founded by former Ethos product lead Vishal Sankhala in late 2023, says it now works with over 300 insurance agencies, including a quarter of the top 100, since launching its current product 14 months ago.