Guidewire to buy Hyperexponential for $1.7B in cash

Insurance tech company Guidewire announced it will acquire UK-based agentic underwriting startup Hyperexponential for $1.7 billion in cash. The deal, expected to close next year, could reach about $2 billion with $400 million tied to revenue targets. Hyperexponential's software is used by nearly 600 insurers across 40 countries.

• Deal is valued at $1.7B in cash, with $400M more reserved for revenue targets
• Hyperexponential was founded in 2017 and raised nearly $90M from Andreessen Horowitz and Battery Ventures
• Nearly 600 insurers in 40 countries use its software
• The acquisition is expected to close sometime next year