Anterior raised $20M in a Series A round led by NEA to expedite health insurance approvals with AI.
Jun 08, 2024•about 1 year ago
Amount Raised
$20 Million
Round Type
series a
Investors
Mustafa SuleymanNeoSequoiaNea
Description
Anterior, a company that uses AI to expedite health insurance approval for medical procedures, has raised a $20 million Series A round at a $95 million post-money valuation. The round also included existing investors Sequoia, which led Anterior’s $3.2 million seed round last September, and Neo, an accelerator that helped the company launch in the summer of 2022, as well as a host of angel investors, including Mustafa Suleyman, a DeepMind and Inflection AI co-founder who was hired by Microsoft in March to lead the tech giant’s consumer AI division.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech