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Funding Rounds

Guidewire to acquire AI underwriting startup Hyperexponential for 1 point 7 billion dollars

Guidewire has agreed to buy insurance technology startup Hyperexponential for 1.7 billion dollars in cash to expand its artificial intelligence underwriting capabilities.

FTMQ Startups, written by our newsroom0 views

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Picture: TechCrunch Venture

Insurance technology company Guidewire has signed a definitive agreement to acquire agentic underwriting startup Hyperexponential for a base purchase price of 1.7 billion dollars in cash. TechCrunch Venture, Pulse 2.0, Reinsurance News, TechCrunch, Dealroom, and TradingView all reported the transaction. Pulse 2.0 reported that the deal includes up to 400 million dollars in contingent consideration tied to specified recurring revenue targets. [1][2][3][4][5][6]

According to Pulse 2.0, the total potential transaction consideration is approximately 2.1 billion dollars. TechCrunch Venture reported that the deal is expected to close next year and will bring artificial intelligence agents to work alongside human underwriters to analyze, price, and underwrite insurance decisions. [1][2]

Hyperexponential was founded in 2017 and is backed by venture capital firms Andreessen Horowitz and Battery Ventures, TechCrunch Venture reported. PitchBook data cited by TechCrunch Venture shows that the startup has raised nearly 90 million dollars to date. Andreessen Horowitz was co-founded by Marc Andreessen. [1][8]

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In short

  • Guidewire agreed to acquire Hyperexponential for a base price of 1.7 billion dollars in cash.
  • The acquisition includes up to 400 million dollars in additional consideration tied to recurring revenue targets.
  • Hyperexponential was founded in 2017 and has raised nearly 90 million dollars to date.
  • The startup is backed by venture capital firms Andreessen Horowitz and Battery Ventures.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Guidewire buys Hyperexponential for $1.7B in cashTechCrunch Venture, 3h ago (the report this story comes from)
  2. [2]Guidewire To Acquire Hyperexponential For Up To $2.1 BillionPulse 2.0, 4h ago
  3. [3]Guidewire agrees $1.7bn deal for AI underwriting and pricing software firm hyperexponentialReinsurance News, 12h ago
  4. [4]Guidewire buys Hyperexponential for $1.7B in cashTechCrunch, 3h ago
  5. [5]Guidewire to acquire AI pricing firm Hyperexponential for $1.7BDealroom, 13h ago
  6. [6]Guidewire to buy hyperexponential for $1.7B base purchase priceTradingView, 14h ago

Background

  1. [7]Roblox Corporation on Wikipedia
  2. [8]Marc Andreessen on Wikipedia

Our newsroom writes these reports with the help of software, from the 8 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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