Liberate, an AI startup automating insurance operations, has raised $50 million in a round led by Battery Ventures as it looks to scale its agentic deployments across carriers and agencies globally.
The all-equity round values the three-year-old startup at $300 million post-money, with participation from new investor Canapi Ventures and returning backers Redpoint Ventures, Eclipse, and Commerce Ventures.
The insurance industry has been navigating a difficult stretch, with rising operational costs, legacy system constraints, and increasing customer expectations. Specifically in the non-life segment, global premium growth is projected to slow through 2026, driven by heightened competition, weaker rate momentum, and new cost pressures, including tariffs, per a recent report by Deloitte.
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