Anterior secures $20m to fast-track health insurance approvals.

TLDR:

Anterior, an InsurTech company, has secured a $20m Series A funding round led by NEA with participation from Sequoia, Neo, and angel investors. The funding will be used to accelerate hiring and product development, with the goal of making their AI-driven co-pilot, Florence, a ubiquitous tool in healthcare administration. Anterior plans to expand into additional medical functions and NEA co-CEO will join their Board of Directors. The company aims to reduce administrative burden for health insurers and improve patient access to care.

Anterior, an InsurTech company focusing on accelerating health insurance approvals using AI, has closed a $20m Series A funding round. The round was led by NEA and included participation from existing investors Sequoia and Neo, as well as angel investors like Mustafa Suleyman. The funding will be used to enhance hiring efforts and further develop the company’s product, with the aim of making Florence, their AI-driven co-pilot, a widely used tool in healthcare administration. The company plans to expand its services into additional medical functions and NEA co-CEO will join Anterior’s Board of Directors. The ultimate goal is to reduce administrative burdens for health insurers, improve patient access to care, and create efficiencies in healthcare administration.