Nayya, Nayya AI Series Ventureswiggersventurebeat, a personalized healthcare platform for employees, has raised $11 million in Series A funding in a round led by Felicis Ventures. The funding will be used to improve the platform’s products and services and hire new talent. The series A funding round was also participated by Cameron Ventures, Social Leverage, and Unum Business Ventures.
Nayya offers a solution to the stressful and confusing process of choosing the right health insurance. The platform provides customized recommendations for medical insurance plans based on each employee’s personalized needs and financial situation. The employees fill out a form with information such as location, job type, salary, and other important factors to assist with the decision-making process.
The platform uses AI and data analysis to make suggestions, taking into account around 3 billion data points and 120 million lines of claims data. Nayya also offers suggestions on ways to save even more when it comes to healthcare. The company claims to have saved over $1300 per year for each employee registered on the platform.
Sina Chehrazi on Nayya and the Investment
Sina Chehrazi, CEO of Nayya, stated that their investors recognize the power of Nayya’s technology in leveraging the massive amount of data produced in the healthcare and insurance industries. The technology highlights and manages plans that best match individual needs, putting dollars back into American households at a time when it is needed the most.
In total, Nayya has raised over $14 million and is well positioned with the latest funding of $11 million raised in a series A round led by Felicis Ventures.
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