Kalepa raises $75 million Series B to expand AI insurance underwriting
The insurtech said the round will support its AI-powered underwriting platform and expansion across commercial insurance markets.
Kalepa announced November 7 that it raised $75 million in Series B funding to expand its AI-powered insurance underwriting platform.
The company builds software for commercial insurers that uses data and machine-learning tools to support risk selection and underwriting workflows. Kalepa said the new capital will support product development and expansion in the insurance market.
AI underwriting tools can help teams review large volumes of submissions and identify patterns, but the output remains dependent on source data, model design, governance and human review. Insurers also need to document how automated recommendations affect pricing, eligibility and claims-related decisions.
Kalepa did not disclose a post-money valuation, customer-level revenue or independently audited underwriting results. The financing supports expansion; it is not evidence of guaranteed loss-ratio improvement or approval outcomes.