Liberate, the San Francisco-based AI startup transforming insurance operations, has closed a $50 million Series B funding round led by Battery Ventures.
The all-equity round values the three-year-old company at $300 million post-money, with participation from new investor Canapi Ventures and returning backers Redpoint Ventures, Eclipse, and Commerce Ventures.
What is Liberate?
Liberate builds reasoning AI agents specifically designed for property and casualty insurers. The company was founded in 2022 by three industry veterans with serious credentials.
CEO Amrish Singh and CTO Ryan Eldridge both spent years at Metromile, the Lemonade-owned car insurance firm. CPO Jason St. Pierre previously held product roles at Twitter, Google, and Verily.
The platform centers on Nichole, a voice AI assistant that handles customer calls for policy sales and service requests.
Behind the scenes, reasoning-based AI agents connect to insurers' existing systems and generate responses without human intervention.
End-to-End Task Automation
Liberate's AI agents complete full workflows, not just answer questions. They quote policies, process claims, update endorsements, and handle operations across voice, email, and SMS.
The numbers tell the story:
The company now serves over 60 customers among the top 100 U.S. carriers and agencies, targeting 70-80% of the American P&C insurance market.
Why This Deal Matters?
The insurance industry is under pressure from loss inflation, thin margins, legacy systems, and regulatory burdens. Global premium growth in non-life insurance is projected to slow through 2026.
Early AI experiments at insurers often failed due to fragmented data and inflexible workflows. The industry is now shifting toward embedding AI into core operations.
Marcus Ryu, Battery Ventures general partner and former Guidewire Software CEO, is joining Liberate's board. He brings deep insurance technology expertise to the company's strategic direction.
Liberate uses reinforcement learning tailored for regulated insurance conversations. Each interaction is auditable with human oversight through its Supervisor monitoring tool.
Investment Details
| Parameter | Details |
|---|---|
| Funding Amount | $50 million |
| Round | Series B |
| Lead Investor | Battery Ventures |
| Other Investors | Canapi Ventures (new), Redpoint Ventures, Eclipse, Commerce Ventures |
| Post-Money Valuation | $300 million |
| Total Raised to Date | $72 million |
| Funding Date | October 2025 |
| AI Curator Rating | 4.2/5 ⭐ |
Liberate Funding History
| Round | Amount | Year | Lead Investor | Valuation |
|---|---|---|---|---|
| Seed | $7M | 2023 | Eclipse | Undisclosed |
| Series A | $15M | 2024 | Redpoint Ventures | Undisclosed |
| Series B | $50M | 2025 | Battery Ventures | $300M (post-money) |
What's Next for Liberate?
The Series B capital will accelerate product development around reasoning capabilities and support broader global deployment.
The company currently employs around 50 people and plans to expand engineering and go-to-market teams.
The near-term vision is building fully autonomous reasoning agents for complete insurance operations. This means 24/7 sales operations, instant claims processing, and real-time policy modifications.
Challenges remain around AI accuracy, which is why human oversight through Supervisor is critical. The company's focus on P&C insurance and three specific use cases allows for better accuracy and more guardrails.
Competition is heating up from horizontal AI platforms and insurtech-specific solutions.
But Liberate's early traction with industry leaders, pre-built integrations, and proven ROI metrics positions them to dominate AI-driven insurance automation.
Connect with Liberate
| Platform | Link |
|---|---|
| Website | https://www.liberateinc.com |
| https://www.linkedin.com/company/liberate-inc | |
| Twitter/X | https://x.com/liberateinc |
