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§ Private Profile · Boston, MA, USA
Cloud-based data integration and management platform for healthcare payers, focused on member outcomes and compliance.
Based in Boston, Massachusetts, Abacus Insights provides a cloud-based data integration and management software platform designed specifically for healthcare payers. The enterprise SaaS solution consolidates, standardizes, and validates fragmented healthcare data to help large health insurance companies ensure regulatory compliance and reduce operational costs. The company manages and standardizes data for more than 21 million health plan members and operates with an estimated workforce of over 130 employees. Abacus Insights has raised approximately $81 million in total funding across multiple rounds from venture capital backers including MultiPlan, CRV, and the Blue Venture Fund. The organization serves major industry clients such as Horizon Blue Cross Blue Shield of New Jersey and maintains a strategic technology partnership with Snowflake. Abacus Insights was originally founded in 2017 by chief executive officer Dr. Minal Patel and Gokul Varadharaj.
Abacus Insights has raised $75.7M across 3 funding rounds.
Abacus Insights has raised $75.7M in total across 3 funding rounds.
Abacus Insights has raised $75.7M across 3 funding rounds. Most recently, it raised $28.0M Series C in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 16, 2022 | $28M Series C | Multiplan | .406 Ventures, Bluecross Blueshield Venture Partners, CRV, Echo Health Ventures, Horizon Healthcare Services | Announced |
| Jun 16, 2020 | $35M Series B | Mike Spadafore | .406 Ventures, CRV, Echo Health Ventures, Horizon Healthcare Services | Announced |
| May 30, 2019 | $12.7M Series A | Murat Bicer | .406 Ventures, Echo Health Ventures | Announced |
Abacus Insights has raised $75.7M in total across 3 funding rounds.
Abacus Insights's investors include MultiPlan, .406 Ventures, BlueCross BlueShield Venture Partners, CRV, Echo Health Ventures, Horizon Healthcare Services, Mike Spadafore, Murat Bicer.