Arlo, a NYC-based AI-powered health insurance underwriter for small businesses, raised $4M in Seed funding.
The round was led by Upfront Ventures, with participation from 8VC and General Catalyst.
The company intends to use the funds to expand operations and business reach. Arlo is actively hiring across engineering and sales roles while expanding its broker network to reach more small businesses nationwide.
Founded by Jan-Felix Schneider and Karthik Bhaskara, Arlo offers health plans for small and medium-sized businesses. By combining new underwriting technologies, and value-based care principles, it is able to provide benefits packages to companies with 10+ employees.
Its AI-enabled technology allows to create a new model that:
- Rewards preventative care to keep employees healthier and costs lower
- Aligns incentives so employers, employees, and providers all benefit
- Identifies risks early for proactive, better health outcomes.
Within its first year, the company has already written mid-eight figures in premiums, partnering with reinsurers, including Nationwide, to deliver innovative health plans that prioritize long-term health outcomes over short-term care denials.
FinSMEs
25/03/2025