Anterior, an AI-driven startup streamlining health insurance approvals, has raised $20 million in a Series A funding round led by NEA, achieving a post-money valuation of $95 million.
Existing investors Sequoia and Neo also participated, alongside angel investor Mustafa Suleyman, co-founder of DeepMind and Inflection AI.
Anterior, co-founded by former doctor Abdel Mahmoud, employs AI to assist medical professionals in gathering necessary insurance documentation, aiming to reduce denial rates and expedite patient care. The company’s initial focus on prior authorisation automation is set to expand into other medical administrative functions.
NEA’s Mohamad Makhzoumi, known for investments in Tempus and Xaira, joins Anterior’s board. Anterior competes with Cohere Health, which raised $50 million in February.