Pasito, a provider of AI-powered personalized employee health benefits and retirement benefits solutions, raised $21 million in Series A funding.
Insight Partners, a global software investor, led the investment round with participation from Y Combinator and insurance-focused MTech Capital.
Founded in 2021, the New York–based AI-powered employee benefits Pasito has now raised more than $25 million in funding to date, according to the latest funding data compiled by Digital Health Funding. Pasito Health has previously raised $3.25 million in Seed funding in Oct. 2022.
With fresh funds, Pasito plans to expand its engineering team to scale its core agentic infrastructure and expand AI automation across additional product lines and workflows. The startup is also using part of the funds to expand sales and marketing efforts to meet enterprise demand and broaden distribution across the benefits ecosystem.
Commenting on the funding announcement, Pauline Roteta, Founder and CEO of Pasito, said: “Carriers and brokers are buried in operational debt, and employees pay the price through higher costs and fragmented, confusing experiences. Pasito replaces that broken infrastructure with a centralized AI workspace and agents that automate the hardest work—accurately, transparently, and at scale.”
Since its inception, Pasito has onboarded a range of customers, including carriers such as Reliance Matrix and New York Life, leading consultants like OneDigital and Daybright Financial, as well as retirement advisors and recordkeepers. Over the past year, Pasito has scaled ARR 50x, expanded deployments across thousands of employers, and become a foundational operating platform for some of the largest carriers and brokerages in the U.S.
Going forward, Pasito will continue to empower clients to build proprietary AI agents directly within its workspace, launch fully white-labeled experiences, and extend automation across the full benefits lifecycle.
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, Benepass, a provider of a digital employee health and wellness benefits management platform for employers, raised $40 million in Series B funding.