Alaffia Health Raises $55 Million For Its AI Platform To Reduce Administrative Health Care Waste

Alaffia Health, which offers agentic artificial intelligence (AI) for health plan claims operations, announced a $55 million Series B financing, led by Transformation Capital, with participation from insiders including FirstMark Capital, Tau Ventures, and Twine Ventures. The round brings Alaffia’s total funding to more than $73 million.

As health plans face rising medical costs, increased regulatory scrutiny, and up to $570 billion in estimated annual administrative waste, demand is growing for artificial intelligence (AI) that can deliver savings without introducing compliance or provider organization-relations risk. Alaffia’s platform is designed specifically for real-world payer environments, where traceability . . .