Liberate Secures $50M Funding

Liberate, an AI company focused on automating insurance processes, has secured $50 million in Series B funding, valuing the company at $300 million. The funding round was led by Battery Ventures, with participation from Canapi Ventures and existing investors. Liberate plans to use the capital to further develop its AI agents, which are designed to handle tasks across sales, service, and claims for property and casualty (P&C) insurers.

Liberate's AI platform aims to streamline complex processes such as claims processing and policy administration, reducing manual effort and improving efficiency for insurance companies. The company's AI agents can resolve a large percentage of insurance calls with high customer satisfaction. Early adopters have seen significant operational ROI, including increased sales and reduced operational costs.

Liberate's technology integrates with existing systems to provide a human-like experience, offering 24/7 support in multiple languages. The company's solutions are designed to help insurers cut costs and expand coverage without increasing headcount. Liberate was founded to address the $300 billion global labour cost in insurance operations.