Guidewire buys Hyperexponential for $1.7 billion in cash
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Insurance tech company Guidewire said Tuesday it will acquire U.K.-based Hyperexponential for $1.7 billion in cash, with closing expected next year. The deal is worth about $2 billion in total, including up to $400 million if revenue targets are met, to bring AI agents alongside humans for underwriting, analysis and pricing. Hyperexponential, founded in 2017 and backed by Andreessen Horowitz and Battery Ventures, has raised nearly $90 million and says nearly 600 insurers in 40 countries use its software.
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