Investor
The funding round brings the company's total raise to $1.86 billion since it launched in 2018.
The company offers ICHRA plans, allowing employers to offer tax-free allowances to employees, who can then choose personalized health, dental and vision benefits.
The California-based company will use the funds to expand its healthcare advocate network nationwide and accelerate its development.
Vancouver-based WELL Health will assume control of HEALWELL AI upon the closing of HEALWELL AI's planned acquisition of New Zealand-based Orion Health.
Also, South Korean medical AI companies JLK and Coreline Soft announced recent regulatory approvals in Japan and the United States.
The company, spun out of MIT and backed by Define Ventures, GV and Flare Capital Partners, was founded by veteran AI and clinical leaders from MIT, Harvard, Microsoft and Google.
The company says it partnered with child psychologists to develop an online safety platform for individuals and families to protect children from "technology's negative effects."
The company will use the funds to expand its presence across the U.S. health market and enhance its AI technology and platform.
Its digital marketplace, featuring over a million products, seeks to address issues in the global procurement of critical healthcare equipment.
Also, two Korean digital dentistry solutions providers are integrating AI into their dental diagnostic software.