Liberate, a San Francisco-based insurtech startup, raised $50 million in Series B funding led by Battery Ventures to enhance its AI-driven insurance operations and address industry inefficiencies.

Target Information

Founded in 2022, Liberate is a San Francisco-based insurtech startup that leverages artificial intelligence (AI) to automate insurance operations. The company has successfully raised $50 million in Series B funding, led by Battery Ventures, with participation from Canapi Ventures and returning investors including Redpoint Ventures, Eclipse, and Commerce Ventures. This funding round values Liberate at $300 million post-money. As it approaches its third year of operation, the company aims to enhance the deployment of agentic AI solutions across insurance providers and agencies globally.

At its core, Liberate tackles the challenges of an industry where previous AI initiatives have often faltered due to fragmented data and inflexible workflows. The startup's technology is designed to facilitate significant improvements in workflows within the insurance sector, where companies are burdened by increased operating costs and legacy systems, all while striving to meet heightened customer expectations for efficiency and responsiveness.

Industry Overview

The global insurance industry is undergoing substantial transformation, particularly in the non-life insurance segment. As competition intensifies, forecasts predict a slowdown in global premium growth through 2026. Insurers are encountering multiple challenges, inclu