Hyperexponential Acquisition, Valuation, Funding & Investors

Hyperexponential was acquired by Guidewire for $1.7B in October 2026.

Hyperexponential acquisition price

$1.7B

Acquired by Guidewire · Oct 2026

Cumulative funding Hyperexponential raised

$91M

across 2 funding rounds

Key investors in Hyperexponential

  • Highland Europe
  • Andreessen Horowitz
  • Battery Ventures

Hyperexponential Overview

About Hyperexponential

Hyperexponential is a London-headquartered SaaS provider of pricing decision intelligence for P&C insurers worldwide. The hxAI platform processes alternative data sources like telematics and weather patterns to build machine learning rating models, deployed by carriers in the UK, US, and Australia. It enables portfolio-level risk pricing adjustments, serving clients such as QBE and Aviva with rapid model iterations.


Founded

2017

HQ

United KingdomLondon

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.7B (acquired Oct 2026)

Hyperexponential Acquisition

Hyperexponential was acquired by Guidewire for $1.7B on 27 October 2026.

Before the acquisition Hyperexponential had raised $91M across 2 funding rounds.

Guidewire Software, the listed provider of software to property and casualty insurers, signed a definitive agreement on 27 October 2026 to acquire all of the issued share capital of Hyperexponential Ltd, the London-based underwriting and pricing software company known as hx. The base purchase price is USD 1.7 billion in cash, subject to adjustments, with up to a further USD 400 million payable in contingent consideration if specified recurring revenue targets are met. Guidewire expects to fund the deal with USD 1.0 billion of new term loan financing, for which it holds binding commitments from Bank of America and Citibank, and existing cash. Closing is expected in the second quarter of Guidewire's fiscal year 2027, and Guidewire expects the acquisition to accelerate annual recurring revenue and revenue growth. The company said the deal strengthens its leadership in property and casualty technology and positions it to define agentic underwriting. Hyperexponential was founded in 2017 and is led by co-founder and chief executive Amrit Santhirasenan. Its agentic platform handles submission triage, risk assessment, pricing, rating and portfolio steering for commercial insurers and is used for underwriting decisions across more than USD 75 billion of annual commercial premium.

Hyperexponential acquisition details
AcquirerDateTypePrice
27 Oct 2026Strategic M&A$1.7B

Sources: prnewswire.com, guidewire.com, coverager.com

Hyperexponential Funding History

Hyperexponential has raised a total of $91M across 2 funding rounds.

Hyperexponential's first fundraising round was a $18M Series A in June 2021. The most recent completed round was a $73M Series B in January 2024.

Hyperexponential funding rounds

Hyperexponential funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2024Series BBattery Ventures (lead); Highland Europe; Andreessen Horowitz$73MHyperexponential is a London-based insurtech company founded in 2017, specializing in decision intelligence for pricing in the property-casualty insurance industry. Its core product, HX Renew, is a SaaS platform that enables insurers and reinsurers to build predictive models, integrate data sources via APIs, and leverage automation and machine learning for better risk assessment and pricing decisions from fragmented data. The company serves major clients like Aviva and operates in the UK and Poland, with plans for US expansion including a New York office. On January 4, 2024 (announced January 11, 2024), Hyperexponential raised $73 million in a Series B equity round led by Battery Ventures, with participation from Andreessen Horowitz (a16z) and existing investor Highland Europe. This followed a $18 million Series A in 2021, bringing total funding to $91 million. The round supports global expansion into the US market and adjacent sectors like SME insurance, as well as doubling headcount to over 200 employees. Prior to this, the company reported ten-fold sales growth since 2021 while remaining profitable. A job posting from hyperexponential indicates high-value deals with annual recurring revenue per deal ranging from $150K to over $1M, and claims the company has doubled revenue year-on-year since 2021, is on a path to $100M ARR, and pursuing unicorn status, with 2025 positioned as a major growth year.
Jun 2021Series AHighland Europe (lead)$18MHyperexponential (hx) is a London-based insurtech providing mathematical modeling software for the commercial insurance sector through its SaaS platform Renew, which helps insurers build, deploy, and update pricing models for better data-driven decisions with minimal IT overhead. Launched in 2017 by CEO Amrit Santhirasenan and co-founder Michael Johnson, both actuaries and software engineers, the company had organically grown to serve clients managing $50 billion in premium by June 2021. On June 30, 2021, Hyperexponential closed an $18 million funding round led by Highland Europe, which was several times oversubscribed, underscoring investor interest in insurtech. The round enables acceleration of growth for the already-profitable company, including scaling product and engineering teams to enhance Renew's functionality and explore new sector applications, as well as building a commercial team for the first time despite prior strong revenue generation without dedicated sales. Highland Europe, known for investments in SaaS businesses like WeTransfer, Wolt, Modulr, and Featurespace, sees hx's blend of actuarial expertise and software engineering as ideal for the rapidly evolving insurance market. Hyperexponential demonstrated considerable growth and profitability prior to the round, positioning it for sustainable expansion and stronger client relationships in a sector dominated by multi-billion-pound incumbents. CEO Santhirasenan highlighted the insurance industry's data and tech-driven transformation, with hx aiding both new entrants and incumbents. The funding strengthens its balance sheet, providing reassurance to clients. Later, in a Series B round, Hyperexponential raised $73 million led by Battery Ventures with participation from Andreessen Horowitz and Highland Europe increasing its stake, having grown sales 10x since 2021 while remaining profitable and serving major insurers like Aviva, HDI, and Conduit Re, which write over $37 billion in annual premium on Renew. This supported US expansion, including a New York office, and team growth to over 200.

Who has invested in Hyperexponential?

3 investors have backed Hyperexponential across its funding rounds, including Highland Europe, Andreessen Horowitz and Battery Ventures.

Lead investors include Battery Ventures and Highland Europe.


Hyperexponential Investors

Investors in Hyperexponential by funding rounds participated
InvestorHQRoundsRoleFirst check
Highland EuropeUnited KingdomLondon2LeadJun 2021

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Hyperexponential Competitors

Hyperexponential competitors include listed companies like Ncino and Optasia, and private ones like Valon, infiBond, Nirvana Insurance and Feedzai.

Public and private companies comparable to Hyperexponential
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ValonUnited StatesNew York City, NYPrivate--$2.3B-
infiBondIsraelTel AvivPrivate--$1.3B-
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.4B4.2x
Nirvana InsuranceUnited StatesSan Francisco, CAPrivate--$1.5B-
FeedzaiPortugalCoimbraPrivate--$2B-
OptasiaUAEUAEPublicly listed$265M$79M$1.2B3.8x

Hyperexponential Public Comps

Hyperexponential is no longer listed, but its public comps include Saga, Vivir Seguros, TRS Information Technology, Zavarovalnica Triglav, Haizhi, Donnelley Financial Solutions, MAPFRE Perú, Grupo Assa, PCITECH and Trupanion.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Saga$887M$133M1.9x1.8x12.8x8.2x
Vivir Seguros$142M$4M12.0x-481.6x-
TRS Information Technology$77M($20M)19.8x20.3x(75.2x)493.0x
Zavarovalnica Triglav$1.9B$237M0.9x0.8x7.3x-
Haizhi$93M($30M)17.3x12.1x(54.1x)(54.4x)
Donnelley Financial Solutions$767M$122M2.3x2.2x14.2x6.9x
MAPFRE Perú------
Grupo Assa$533M$162M3.4x-11.1x-

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Common questions about Hyperexponential

When was Hyperexponential founded?Hyperexponential was founded in 2017.
Where is Hyperexponential headquartered?Hyperexponential is headquartered in London, United Kingdom.
Is Hyperexponential publicly listed?No, Hyperexponential was acquired by Guidewire in October 2026.
Who acquired Hyperexponential?Hyperexponential was acquired by Guidewire in October 2026.
How much was Hyperexponential acquired for?Hyperexponential was acquired for $1.7B in October 2026.
How much funding has Hyperexponential raised?Hyperexponential has raised $91M across 2 funding rounds.
What was Hyperexponential's last funding round?Hyperexponential's last funding round was a $73M Series B in January 2024, led by Battery Ventures.
Who are Hyperexponential's investors?Hyperexponential's investors include Highland Europe, Battery Ventures and Andreessen Horowitz.
Which companies are comparable to Hyperexponential?Companies comparable to Hyperexponential include Valon, infiBond, Ncino, Nirvana Insurance, Feedzai and Optasia.

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