Battery Ventures led a $50 million funding round for Liberate, a Palo Alto company working to develop reasoning AI agents for the insurance industry. The company aims to improve efficiency and service by embedding AI directly into insurance workflows.
Liberate specializes in voice AI solutions, working to help insurance carriers and agencies reduce reliance on large support teams, cut down operational costs and hasten customer response times. Its agents interact directly with customers to automate tasks like quoting policies, processing claims, servicing policyholders and updating endorsements.
Backed by its latest investment, Liberate is expanding its platform to fully automate workflows across sales, servicing and claims via voice, email, SMS and digital channels. Liberate’s Series B round brings its total raised capital to $72 million. The money will enable the company to accelerate product development and deploy its solution to more insurance organizations.
