Guidewire buys Hyperexponential for $1.7B in cash

Guidewire, an insurance tech company, has acquired Hyperexponential, an AI startup, for $1.7 billion in cash. The deal aims to bring AI agents to work alongside humans in underwriting, analysis, and pricing decisions. Hyperexponential, founded in 2017, has raised nearly $90 million and has 600 insurer clients across 40 countries. The deal's total value is around $2 billion, with an additional $400 million in potential capital reserved if revenue targets are met.