Insurance tech company Guidewire announced Tuesday the acquisition of the agentic underwriting insurance company Hyperexponential for $1.7 billion in cash.
The deal, expected to close sometime next year, is to help bring AI agents to work alongside humans to underwrite, analyze, and price decisions. The deal is worth around $2 billion in total, with $400 million in additional capital reserved if certain revenue targets are hit.
Originally reported by TechCrunch. Read the full story at the original source.
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