Bluespine Overview
Bluespine develops a system that allows companies to monitor all medical claims of their employees, and save money on incorrect charges for these claims that come directly out of the company's pocket. Bluespine's system is based on data from employers regarding the health benefits they cover for their employees, as well as the costs of the services provided by the providers.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Bluespine secures $7.2M to tackle healthcare overspending for self-insured employers | CTech
Bluespine, an AI-driven claims cost reduction platform for self-insured employers, has successfully raised $7.2 million in a Seed funding round led by Team8. The platform aims to help employers reduce healthcare costs by identifying and preventing overbilled claims. Bluespines AI technology analyzes 100% of claims, offering a more comprehensive solution compared to traditional methods. The company has attracted major clients, including Mattel and DavidShield, and has partnered with brokers like Alliant Insurance Services. Bluespine was co-founded by industry veterans and operates under Team8s Venture Creation model. The funding will likely support further development and expansion of its services, enhancing its impact on the healthcare benefits landscape.
InvestmentPartnersCustomers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $7.2M |
| Last funding | $7.2M |
| Stage | Seed |
| Rounds | 1 |
| Investors | 1 |
Team Members
3
Employees: 11-50
Web & Social Links
Locations
Holon, Israel
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