- Digital health and InsureTech platform Sensely announced it raised $15 million in funding
Sensely — a digital health and InsureTech platform — announced at the HLTH 2019 event that it raised $15 million in funding. This funding round will bolster the company’s burgeoning commercialization efforts and extend its platform leadership. This round of funding included participation from strategic investors that represent the range of current Sensely target markets in insurance, hospital systems, and pharmaceutical companies.
Sensely has developed avatar and chatbot-based platforms to assist insurance plan members and patients with the insurance services and healthcare resources they need when they need it. And the company has offices in London and San Francisco where its teams provide virtual assistant solutions to insurance companies, pharmaceutical clients, and hospital systems worldwide.
Aflac Corporate Ventures — the venture arm of Aflac — led this funding round. And additional new investors include NMC (a diversified healthcare company with international services across 19 countries) as well as Nippon Life Insurance Company, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma, and Silicon Valley Bank. Existing investors Mojo Partners, Chengwei Capital, and Pegasus Tech Ventures also participated.
“We’re delighted by the opportunity to work with our new investment partners,” said Adam Odessky, CEO and Co-founder of Sensely. “While we are pleased with our progress over the past year, especially the rollout of our software development kit, we have many important challenges ahead. This funding will ensure that we can strike a balanced approach, continuing to serve our existing partners, while also evolving the platform for the next wave of requested capabilities.”
This financing also brings expanded commercial pathways to Sensely with markets serving over 60 million members and representing over $200 million in annual recurring revenue opportunities.
And this funding round comes at a time when Sensely is seeing increasing demand for its multi-lingual AI platform — which uses a voice-enabled character interface and incorporates into existing enterprise technology infrastructure.
Currently, Sensely is deployed with enterprise customers in the United States, United Kingdom, United Arab Emirates, Netherlands, China, Hong Kong, Japan, Switzerland, and Australia.
And customers are using the platform for a diversified set of high-value use cases, including symptom checking, insurance underwriting, claims management, medication management, and remote patient monitoring.
“We’re excited to be partnering with Sensely. The team has skillfully addressed many of the product elements we believe are required for success with large enterprises in highly regulated industries. In addition, the company’s approach to enabling expedited cross-border launches adds a crucial element that is highly attractive to multi-geography operations,” added Nadeem Khan, President of Aflac Corporate Ventures.
