Kalepa, the leader in Professional Grade AI for insurance, announced $75 million in Series B funding at a $470 million valuation. Over the past year, the company has tripled revenue and its customer count. Kalepa has sustained this growth while remaining cash flow positive for more than two years, and will use the new funding to expand its AI product suite, move into new markets, and double the team's headcount in 2027. Its customers include major insurers and MGAs such as W.R. Berkley, Bowhead Specialty, and AmRisc.

The Series B was led by Updata Partners, with participation from IA Ventures and Inspired Capital. Kalepa has now raised $91 million in total.