AI news ·
Insurance AI Startup Kalepa Raises $75 Million at $470 Million Valuation
Kalepa raised $75 million to build AI tools that help insurers improve underwriting profits and productivity.
Kalepa has closed a $75 million Series B funding round, reaching a valuation of $470 million. The company builds agentic tools for underwriting, pricing, and portfolio management in the insurance sector.
The investment reflects a shift among insurers toward funding AI platforms tied directly to measurable operating outcomes. Kalepa reports gains in combined ratio and premium per underwriter, two metrics carriers use to track underwriting profitability and team productivity.