Angle Health recently secured an impressive $134 million Series B round to scale its revolutionary AI Health Benefits platform. The target market is small- to medium-sized businesses (SMBs). Consequently, this investment helps 62 million SMB employees. These workers are currently facing record increases in health plan costs. Angle Health now offers comprehensive benefits. These were previously only for large corporations. This action effectively rebuilds essential healthcare infrastructure.
Furthermore, Angle Health’s proprietary AI models power the platform. These models train on millions of de-identified patient records. They predict future healthcare risks with high accuracy. The company integrates medical and pharmacy data seamlessly. Thus, this platform helps brokers design better health plans quickly. It also deploys personalized care interventions for employees. Angle Health has seen remarkable growth since 2022. Revenue grew by 26x in that period alone. They now serve over 3,000 employers across 44 states. Customer renewal rates remain high, exceeding 80%.
Delivering Cost Savings with AI Technology
The new funding round was oversubscribed. Portage led the investment for Angle Health. Major firms like PruVen Capital also participated. In fact, total company funding is now nearly $200 million. Angle Health provides a much-needed alternative. SMBs enjoy median rate increases. These are 36% lower than the industry standard. Their system gives brokers a frictionless experience. Also, brokers can produce firm quotes in minutes. This speed dramatically improves client satisfaction. However, the core goal remains stabilizing long-term costs for SMBs. The AI Health Benefits platform makes quality care accessible. CEO Ty Wang stated their mission clearly. They want to give all employers access to great benefits. Their unique approach uses human-centered AI. This successfully rebuilds critical financial infrastructure. Angle Health’s Benefit Builder tool is key. Thousands of agencies use this powerful tool today. Therefore, Angle Health leads the way in healthcare innovation.
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News Source: Businesswire.com
