The financing furthers Aperture VC's commitment to investing
early & over the long term in AI startups helping enterprises
solve society's most difficult problems.
NEW
YORK, April 30, 2024 /PRNewswire/ -- Alaffia
Health, the leader in generative AI for health plan claim
operations, recently announced $10M
in Series A funding, bringing its total amount of capital raised to
$17.6M. The round was led by
FirstMark Capital, with the participation of Aperture Venture
Capital and other investors. Alaffia's management team intends to
use the funding to expand its commercial footprint and further
invest in advanced AI research and product development.
Aperture VC Managing Partner Garnet Heraman noted, "Since
investing in Alaffia's seed round and, revenues have accelerated by
4x as the industry accolades have poured in. Alaffia is proof of
AI's positive impact when applied to the challenges of specific
industry verticals. Their AI solutions for claims operations are
transforming the healthcare landscape for providers, payers, and
patients alike."
Alaffia's success is driven by the advanced AI solutions built
for health insurance plan customers. The company's flagship
generative AI tool, Ask Autodor, is a co-pilot built for health
insurance claims teams to automate complex manual tasks and
complete them up to 20X faster. "We appreciate the strong support
the Aperture VC team has shown over the last three years. Their
guidance has been invaluable in giving us the room as founders to
pioneer the use of new AI tools across the healthcare claims
ecosystem," said Alaffia CEO TJ Ademuliyi.
About Aperture Venture Capital
Aperture Venture
Capital is a seed stage investor in startups leveraging
financial innovation to help businesses and individuals
thrive. Our debut fund was launched in 2021 with investments
from global financial technology giants FIS, Truist, PayPal, Bank
of America, Progressive, MassMutual, as well as NextEra Energy.
Aperture's investing platform is purpose-built to invest with
expertise across the full spectrum of financial services including
banking, payments, insurance, security, compliance and enterprise
SaaS. We invest in the next generation of technology leaders
forging the prosperous future we envision for all. For more
information, visit aperturevc.com.
Press Inquiries: 376934@email4pr.com
About Alaffia Health
Alaffia Health is a leading AI
company that helps health insurance plans streamline their
operations and reduce claim spending. The company offers Autodor,
its integrated claims platform, to revolutionize the way that
clinicians and medical coders across utilization management,
payment integrity, special investigations, and appeals review
health insurance claims. Alaffia Health has been featured on the
WSJ, Forbes, TechCrunch, and Becker's Hospital Review. For more
information, visit www.alaffiahealth.com.
Media Contact:
Philip McKenzie
949-414-7884
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content:https://www.prnewswire.com/news-releases/aperture-venture-capital-doubles-down-on-ai-with-follow-on-investment-in-alaffia-healths-10m-series-a-302131036.html
SOURCE Alaffia Health