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Liberate Raises $50 Million Series B at $300 Million Valuation to Scale AI Agents for Insurers

The funding will fuel broader deployments of its workflow-integrated agents across carrier operations.

Overview

  • Battery Ventures led the all-equity round with participation from Canapi Ventures, Redpoint Ventures, Eclipse and Commerce Ventures, and Battery’s Marcus Ryu will join the board.
  • Founded in 2022, the San Francisco startup builds agentic AI for P&C carriers, pairing a voice assistant called Nichole with reasoning-based agents that plug into core systems to complete end-to-end tasks across voice, SMS and email.
  • Liberate reports scaling from about 10,000 monthly automations to 1.3 million automated resolutions and working with more than 60 customers focused on the top 100 carriers.
  • The company says deployments deliver an average 15% sales lift and 23% cost reduction, with human-in-the-loop safeguards and a Supervisor monitoring tool for auditability; an unnamed client saw hurricane claim response time drop from 30 hours to 30 seconds.
  • Total funding now stands at $72 million, the team numbers around 50 employees, and the new capital will be used to expand reasoning capabilities and support wider rollouts.