Kalepa Raises $75 Million at $470 Million Valuation
Kalepa, an insurance software startup, raised $75 million at a $470 million valuation, Reuters reports. Updata Partners led the Series B round, with participation from IA Ventures and Inspired Capital.
Kalepa provides AI software for insurance operations, underwriting, pricing and portfolio management. Its customers include W.R. Berkley, Bowhead Specialty and AmRisc.
The company plans to use the funding to expand its AI products, enter new markets and double its headcount in 2027. It expects most hiring to focus on engineering, AI and commercial roles. The round brings Kalepa's total funding to $91 million.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Nov 5 MercadoLibre Increases AI Spending by $30 Million From Prior Quarter Nov 4 Finpilot raises $10 million for institutional investment AI agents Nov 4 OCC Issues Super Intelligence Examination Framework for Banks Nov 4 Pliant raises $80 million for AI agent payments Nov 4 Crediflow AI raises €1.8 million for loan processing softwareMore from Funding
Nov 5 Palo Alto Networks in Talks to Acquire Beacon Security Nov 5 Isomorphic Labs Seeks $5 Billion at $50 Billion Valuation Nov 5 RuixinXing raises tens of millions of yuan for industrial robots Nov 5 Mindmax raises £2.5 million for AI exam tutor Nov 5 Palo Alto Networks in Talks to Buy Clutch Security for $500 MillionFinance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Whitepaper
Tensordyne Napier: What If One Rack Could Do the Work of Nine?
Tensordyne
This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.
Read moreYou may also like
i23 raises £4.9 million for AI insurance broker
KP Labs raises €4.42 million for AI data processing in orbit
Symbe Raises $5.7 Million for AI Sales Platform
Avante Raises $30 Million for AI Benefits Platform
Pluto Security raises $42 million for AI security platform
Daily AI Brief: the AI news that matters, in your inbox.