Liberate bags $50M at $300M valuation to bring AI deeper into insurance back offices | TechCrunch
Key Takeaways
- AI startup Liberate raised $50 million in a funding round led by Battery Ventures, achieving a $300 million post-money valuation.
- The company develops agentic AI systems for property and casualty insurers to automate sales, service, and claims operations.
- Liberate's technology includes a voice AI assistant named Nicole and reasoning-based agents that handle end-to-end tasks without human intervention.
- The AI systems have reportedly increased sales by an average of 15% and reduced costs by 23% for its over 60 customers.
- The startup emphasizes compliance and safety through auditable interactions and an internal monitoring tool called Supervisor to flag anomalies.
Liberate, an AI startup focused on automating insurance operations, announced it has successfully raised $50 million in an all-equity funding round spearheaded by Battery Ventures, bringing its post-money valuation to $300 million. This capital infusion is earmarked for scaling the company's agentic deployments across insurance carriers and agencies worldwide. The funding arrives as the insurance sector struggles with operational costs and legacy systems, prompting a move toward embedding AI deeply into core functions rather than superficial integration. Liberate, founded in 2022, provides AI systems for property and casualty insurers, featuring a voice assistant named Nicole and back-end AI agents capable of completing complex, end-to-end tasks like claims processing without human intervention. Co-founder and CEO Amrish Singh noted that their specialized focus on the insurance industry and specific use cases allows for robust guardrails, evidenced by their growth from 10,000 monthly automations to 1.3 million, while maintaining compliance through human-in-the-loop safeguards.
