Felicis Ventures Backs Insurance Benefits Management Startup Nayya
The insurance benefits management company Nayya raised $11 million in a series A round led by Felicis Ventures. The company’s AI uses algorithms to guide its employees and has won the backing of Felicis Ventures. Wiggers is leaving VentureBeat to join TechCrunch. In this article, we will discuss about Nayya 11m Felicis Ventureswiggersventurebeat.
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Nayya 11m Felicis Ventureswiggersventurebeat
Nayya 11m Felicis Ventureswiggersventurebeat is an insurance benefits management and experience platform that recently closed $11 million in a series A funding round led by Felicis Ventures and other investors. It will use the capital to scale its team and accelerate partnerships with carriers. The company uses artificial intelligence (AI) to make employee benefits easier to manage.
Nayya’s algorithmic recommendations engine enables employees to choose the best benefits for them. Employers also benefit from its services. Employees can choose the best plans based on their health status and financial status, while employers can easily manage their employees’ claims. Nayya is currently contracting with insurance companies to provide this service, which can be a challenge in itself.
Nayya is targeting employees who need assistance selecting healthcare benefits. It offers a personalized benefits selection tool with an app that integrates with consumer benefits and surfaces savings opportunities. In addition to SVB Capital, ICONIQ Growth and Transformation Capital led the round. In addition, angel investor Mike Dixon will join Nayya’s board as an observer. With the new funding, Nayya plans to expand its platform, partner with more healthcare solutions and increase its connected data footprint.
Nayya 11m Felicis Ventureswiggersventurebeat is an insurance benefits management software startup founded by Sina Chehrazi and Akash Magoon in 2019. The company’s platform leverages billions of datasets in the healthcare and insurance industry to provide employees with personalized recommendations for their health insurance plans. It also provides proactive guidance to employees facing rising healthcare costs.
Nayya uses machine learning to develop a recommendation engine based on the consumer’s unique situation and needs. The system asks questions about a user’s lifestyle, family attributes, and financial status to make recommendations based on consumer trends. It also advises users on managing their expense accounts.
It has raised $11M in a series A round led by Felicis Ventures
Nayya 11m Felicis Ventureswiggersventurebeat is a startup that uses artificial intelligence (AI) to help employees and employers manage health care plans. Founded by Akash Magoon and Sina Chehrazi, Nayya leverages billions of health insurance and other data sets to provide personalized recommendations for in-network care. The startup plans to leverage this new funding to build out its team in New York and deepen its partnership with leading employers and carriers.
In another recent funding round, a payroll startup, called Disco, raised $10M led by Google. The company plans to increase its employee count by 25 percent by the end of 2018. In addition, it plans to experiment with business-to-business marketing and create its own marketing funnel to attract and retain business customers. The funding round also includes Felicis Ventures, which was an early investor in Shopify. Its general partner Anish Acharya will join the company’s board.
Nayya is a startup that helps companies manage employee benefits by streamlining the process and simplifying the enrollment process for employees. The startup uses machine learning and data transparency to make the process easier for employees and companies. The startup has already raised $2.7M in seed funding. The round was led by Social Leverage.
Nayya 11m Felicis Ventureswiggersventurebeat has also raised $11M in a series A from Felicis Ventures. The funding will help the company accelerate product development and hire new talent. Employees are often confused when it comes to selecting health benefits. According to a recent Jellyvision report, 49% of employees find the process stressful. In addition, 41% find the open enrollment process confusing. Furthermore, 20% are unhappy with the benefits they chose.
Besides Nayya, other companies that have raised $11M include Chiper, a Colombia-based e-commerce platform for independent merchants. In the last two years, Chiper has been building a network of digitalized corner stores throughout Latin America. With the latest funding round, the startup is positioned to expand its footprint in the region.
Wiggers is leaving VentureBeat for TechCrunch
The senior staff writer at VentureBeat, Kyle Wiggers, is leaving to join TechCrunch on March 28. He is currently writing on artificial intelligence for the tech blog. Wiggers is based in New York and previously wrote for Digital Trends and XDA Developers. He also dabbles in the piano.