The problem
Underwriters drown in broker submissions and slow manual review, so insurers quote late and pick risks poorly
What they do
AI agents that run underwriting, operations, pricing and portfolio work for P&C insurers
Traction Revenue and customers tripled in a year; cash-flow positive 2+ years (company-stated); ~$5M ARR 2024 est.
Hiring trend
- Open roles
- 17
- Ops roles
- 4
- Headcount
- ~70-95
Headcount ~65 → ~93 Jun 2025 to Jun 2026 (Revelio), LinkedIn ~69 (+53% YoY); active postings 17 → 51 2025 to 2026; plans to double headcount in 2027
Hiring in
- New York
- San Francisco
- Chicago
- Remote (US)
Glassdoor
3.9 ★ 18 reviews ↗Funding
- Last round
- $75M
- Stage
- Series B
- Date
- Nov 2026
Led by Updata Partners
- Hiring+1.517 open roles on the live job board (15–19 roles = +1.5)
- Funding recency+1.5Series B · $75M, Nov 2026 (this month): 6 months or less = +1.5
- Traction+0.75Some growth: Revenue and customers tripled in a year; cash-flow positive 2+ years (company-stated); ~$5M ARR 2024 est.
- Red flags0None found in the last 24 months
- Total3.751.5 + 1.5 + 0.75 − 0 = 3.75 → Tempo (3.5–4.24)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: hard to leave
Profitable underwriting platform embedded as the daily system of action at W.R. Berkley units, Bowhead, AmRisc, Munich Re and ~20 named insurers; trails better-funded Federato in a crowded field, and Guidewire could build in.
Sources: Kalepa: $75M Series B, revenue and customers 3x, cash-flow positive (Nov 2026) ↗ · Updata Partners: why we led Kalepa's Series B (Nov 2026) ↗ · WillItSurvive: Kalepa vs Federato and Guidewire (Jul 2026) ↗
Last checked Nov 6, 2026