Indigo, a vertically integrated, AI-driven medical professional liability platform, announced the close of a $50 million oversubscribed Series B financing led by Rubicon Founders, with participation from Town Hall Ventures and existing strategic investor Optum Ventures. The funding supports expansion of Indigo’s AI-powered underwriting and distribution platform, delivering faster and more precise coverage decisions for physicians and brokers nationwide.
AI-Driven Underwriting for Specialty Insurance
Founded in 2023, Indigo provides medical professional liability insurance across multiple specialties and now insures nearly 1,000 providers nationwide, surpassing $10 million in premium. The company’s proprietary AI platform, Lux, uses machine learning and purpose-built risk models to automate underwriting workflows traditionally managed through manual processes, increasing throughput while maintaining disciplined risk selection and strong broker satisfaction.
Redefining Risk Assessment With Vertical AI
“The next phase of innovation in insurance requires technology purpose-built for complex, specialty risk,” said Jared Kaplan, CEO of Indigo. “This funding allows us to expand our technology footprint, deepen underwriting rigor, and deliver an exceptional ease-of-doing-business experience for brokers — while ensuring physicians receive pricing and coverage aligned with their true risk profile. Our results demonstrate that advanced automation can drive profitable growth while reducing operational friction.”
“Indigo is executing at the intersection of deep domain expertise and AI excellence. Their vertical AI strategy isn’t incremental — it fundamentally redefines how risk is assessed, priced, and managed. We’ve seen firsthand how their models improve both the speed and quality of underwriting decisions, and this capital will help them scale faster than legacy carriers have been able to for decades,” said Matt Kim, Indigo Co-Founder and Partner at Rubicon Founders.
Scaling a New Standard for Medical Liability Coverage
“Indigo represents exactly the type of category-defining opportunity we look for: By layering machine learning over deep insurance expertise, they’ve built a defensible moat and a superior underwriting product. Their ability to quote with lower administrative overhead creates a meaningful advantage in a legacy market, ultimately driving down premiums for high-quality medical groups,” said David Whelan, Co-Founder & General Partner at Town Hall Ventures.