Insurights, a NYC-based AI-powered platform designed to improve human health by allowing employees to access, understand and utilize their health benefits, raised $22M in seed funding.
The round was led by Group 11.
The company will use the funds to build and scale its team with seasoned backgrounds in the healthcare and insurance industries, including medical and insurance experts.
Founded by Israeli-natives Guy Benjamin, Ben Nagar, Dr. Elad Ofir and Ben Goldenberg, Insurights provides an AI powered platform bringing on-demand, personally tailored answers to any employee with questions on how to navigate their employer-provided health benefits, regardless of their insurance provider. The system uses Natural Language Processing technology to provide direct and clear answers to specific questions about health benefits based on an employee’s specific healthcare plan.
Its key feature is Zoe, Insurights’ “Virtual Chief Health Officer,” who is able to analyze and break down any healthcare plan offered by any insurance carrier. Zoe eliminates the need to search through endless policy PDFs, or spend time on the phone with customer service agents. She can provide each employee with invaluable, time-saving information including how much a specific treatment would cost based on the employee’s coverage, recommended providers that accept the employee’s insurance and, soon, the ability for employees to make appointments within the platform. What’s more, Zoe will proactively remind employees to set up preventative care check ups like mammograms, yearly physicals, hearing tests and more, helping them combat late detection.