Anterior, a digital health startup using AI to expedite health insurance approval for medical procedures, raised $40 million in a fresh growth funding round to scale up its clinician-led artificial intelligence platform capabilities beyond its initial focus on prior authorization.
Investors
New Enterprise Associates (NEA) led the latest $40 million investment round with participation from Sequoia Capital, FPV Ventures, and Kinnevik Capital.
Funding To Date
Founded in 2022, the New York City-based Anterior has now raised approximately $64 million in funding to date, according to the latest funding data compiled by Healthitmedia.com (Health IT Media).
In June 2024, Anterior closed a $20 million Series A funding round at a $95 million post-money valuation led by New Enterprise Associates (NEA).
2026 Expansion Plans
Anterior plans to use the fresh funds to further build and deploy its platform, focusing on automating prior authorization for health plans. Its platform is already used by clinicians and technology teams supporting organizations covering 50 million lives.
Digital Health Funding
Digital health companies have secured more than $170 billion in venture capital funding to date, according to the latest funding data compiled by Digital Health Funding. More recently, Garner Health raised $118 million in a Series D funding round to scale up its digital health platform that helps patients find the best healthcare providers using better data and smarter financial incentives.
About Anterior
Anterior is a clinician-led company using responsible AI to automate and accelerate payer workflows, specifically focusing on prior authorization and utilization management.