Indigo, a Miami, FL-based provider of an AI-driven medical professional liability platform, has raised $50 million in Series B funding led by Rubicon Founders.
The round also saw participation from Town Hall Ventures and other existing investors, including Optum Ventures.
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The company plans to use the funds to improve research and development, strengthen its products, and expand distribution partnerships.
Today, Indigo announced a $50M Series B funding round to show that artificial intelligence can work faster, cheaper, and more accurately. The round was led by existing investor Rubicon Founders, with support from Town Hall Ventures and Optum Ventures. It also shows a strong belief that AI works best when explicitly built for complex industries, rather than as a general-purpose tool.
At the center of Indigo’s offering is Lux, its own platform that uses machine learning instead of traditional actuarial spreadsheets. In insurance, moving faster usually means taking on more risk. Indigo says Lux avoids this problem by using large amounts of data to assess physician risk, enabling brokers to get quotes instantly rather than waiting days.
Indigo is overcoming this challenge by bringing together experienced insurance experts and AI specialists. The company now works with nearly 1,000 providers nationwide and has exceeded $10 million in premiums.
The company uses its own AI platform, called Lux, to automate medical malpractice underwriting. By the end of 2025, Lux was automatically handling 20% of all submissions.
About Indigo
Founded in 2023 and led by CEO Jared Kaplan, Indigo provides an AI powered medical professional liability insurance platform. Using industry-specific AI and machine learning, the company delivers fast quotes, reliable coverage, and efficient operations for brokers, healthcare providers, and the wider healthcare system.
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