Key Takeaways
- • Kalepa, which describes itself as the leader in Professional Grade AI for insurance, announced $75 million in Series B funding at a $470 million valuation.
- • The Series B was led by Updata Partners, with participation from IA Ventures and Inspired Capital, bringing Kalepa's total capital raised to $91 million.
- • Kalepa reports it has tripled both revenue and customer count over the past year while remaining cash flow positive for more than two years.
- • Proceeds will fund expansion of the AI product suite, entry into new markets, and a planned doubling of headcount in 2027.
- • Named customers include major insurers and MGAs W.R. Berkley, Bowhead Specialty, and AmRisc.
Summary
Kalepa, a provider of what it calls Professional Grade AI for the insurance industry, announced $75 million in Series B funding at a $470 million valuation. The company said the round was led by Updata Partners, with participation from IA Ventures and Inspired Capital. With the new capital, Kalepa's total funding to date stands at $91 million.
According to the company, revenue and customer count have both tripled over the past year. Kalepa also states that it has remained cash flow positive for more than two years, a point it presents as evidence that its growth has been sustained without dependence on external capital to fund operations. The figures are company-reported and have not been independently verified.
The company plans to use the proceeds to expand its AI product suite, move into new markets, and double its team's headcount in 2027. Its customers include major insurers and managing general agents (MGAs) such as W.R. Berkley, Bowhead Specialty, and AmRisc.
The announcement was distributed alongside two other AI-focused financings in the same wire feed: Hyphenate, an autonomous finance platform for the office of the CFO, announced a $45 million Series A led by Nexus Venture Partners, and Finpilot, an AI-native operating system for institutional capital, announced a $10 million Series A. These deals are separate from Kalepa's round.
According to the company, revenue and customer count have both tripled over the past year. Kalepa also states that it has remained cash flow positive for more than two years, a point it presents as evidence that its growth has been sustained without dependence on external capital to fund operations. The figures are company-reported and have not been independently verified.
The company plans to use the proceeds to expand its AI product suite, move into new markets, and double its team's headcount in 2027. Its customers include major insurers and managing general agents (MGAs) such as W.R. Berkley, Bowhead Specialty, and AmRisc.
The announcement was distributed alongside two other AI-focused financings in the same wire feed: Hyphenate, an autonomous finance platform for the office of the CFO, announced a $45 million Series A led by Nexus Venture Partners, and Finpilot, an AI-native operating system for institutional capital, announced a $10 million Series A. These deals are separate from Kalepa's round.
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