Series B · Fintech
Kalepa raises $75 million Series B led by Updata Partners
The insurance AI company plans product expansion, new markets and a larger team following the round at a $470 million valuation.
Kalepa has raised $75 million in Series B funding led by Updata Partners, with IA Ventures and Inspired Capital participating. Announced on November 5, the round values the insurance AI company at $470 million and brings its total funding to $91 million.
The company plans to expand its AI product suite, enter new markets and double its headcount in 2027. Its platform coordinates work across insurance operations, underwriting, pricing and portfolio management, with human review and auditable results built into the workflows.
Use of funds
Expand the AI insurance product suite
Enter new markets
Grow the team in 2027
Funding history
Series B · This round$75M
Series A$14M