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The milestone proves DESAISIV is a crucial trailblazer and is dedicated to altering the insurance coverage panorama and in addition offering unwavering assist to companies via its platform.
As well as, DESAISIV had beforehand secured a pre-seed funding of $2m from quite a few regional and worldwide traders.
Acquired at first of 2023, the funding has enhanced DESAISIV’s capabilities and the agency can now develop its technological infrastructure, enhance its market share and refine its providers.
Options embrace:
- Tailor-made options for shoppers with personalised medical insurance insurance policies;
- Leading edge know-how which leverages AI algorithms for real-time monitoring, and
- Aiding companies in attracting and retaining high expertise with its wide selection of medical insurance advantages.
DESAISIV continues to tried to redefine and adjusted medical insurance administration. Based in 2022 by Saed Khawaldeh and Mohamad Nabhan, DESAISIV’s superior platform streamlines varied aspects of medical insurance, tailoring insurance policies for optimised advantages and protection, predicting rising illnesses, and figuring out high-risk behaviors.
The achievement of the One Billion medical insurance portfolio in KSA, coupled with DESAISIV’s dedication to reshaping the insurance coverage panorama in Saudi Arabia and the MENA area, underscores the corporate’s dedication to excellence and innovation.
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Funding rounds
Devoted Well being, a US insurtech firm specialising in Medicare providers, has raised $175m in a Sequence E funding spherical.
A consortium together with Fearless Ventures, GIC, Highbury Holdings, Maverick Ventures, the Area Between and Stardust Fairness led the spherical.
The spherical was additionally joined by different traders together with Andreessen Horowitz, Emerson Collective, F-Prime Capital Companions, Normal Catalyst, GreatPoint Ventures, the Personal Shares Fund and affiliated funds, and Socium Ventures.
Arrange in 2017 by brothers Todd and Ed Park, Devoted Well being goals to supply all-in-one care for Medicare beneficiaries via its built-in insurance policy and virtual-first medical care.
Devoted Medical insurance plans obtain tech-enabled preventative care providers from Devoted Medical, which was set as much as meet the distinctive wants of the Medicare beneficiaries.
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