Kalepa Raises $75 Million at $470 Million Valuation

Nov 5, 2026
Insurance software startup Kalepa raised $75 million in a Series B round led by Updata Partners. It plans to expand its AI products, enter new markets and double its headcount in 2027.

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.

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