Nara Health Secures $14M to Disrupt Health Insurance with AI-Native TPA Platform

Nara Health, the AI-native Third Party Administration platform rebuilding health insurance from the ground up, today announced $14 million in total funding across a pre-seed and seed round led by Khosla Ventures, with participation from Long Journey Ventures and Superior Studios, along with other investors and angels.

170 million Americans get health coverage through work each year, yet most struggle to use it. The average family premium was $27,000 last year, leading nearly half of insured Americans to skip healthcare altogether because they can't afford it. Despite employers spending tens of thousands of dollars per employee annually on health benefits, the American healthcare experience remains slow, confusing, and reactive, held together by manual processes and fragmented software that reviews paperwork, processes claims, and leaves patients on hold when they call for answers about their coverage.

Nara Health is reinventing the future of health insurance by deploying AI to build personalized health plans that historically haven't been possible, getting people to the right care at an optimal price, without friction. Alternative health plan designs, like direct provider contracts, cash pay, reference-based pricing, and direct primary care, can reduce what employers spend on healthcare by 15% or more while giving employees clearer pricing and easier access. For employers, this means better benefits at a lower cost, reduced administrative complexity, and improved cost predictability and cash flow.

"I've seen healthcare from every angle, from designing hospitals and care delivery models to building AI products for hospital systems and insurers, and from my wife's perspective as a hospitalist. What I've witnessed time and time again is that our care has been limited by our coverage - that should never be the case," said Sidhartha Sinha, co-founder and CEO of Nara Health.

"Nara Health was born to solve coverage and care together. By bringing benefits administration, claims processing, care orchestration, and member support into a single intelligent platform, Nara Health helps employers lower healthcare costs while making it dramatically easier for employees to access and use their benefits."

Nara Health's platform has more than 25,000 members, and the company has processed more than $600 million in claims to date. On the employer side, Nara Health has helped employer health plans cut costs by 50%+ compared to the employer's prior-year health plan. Unlike the average health insurance administrative experience, Nara Health members' calls are answered in an average of 5 seconds, and experience a same-day prior authorization turnaround, compared to the industry standard of 3 to 5 days.

"We wanted a scrappy, tech-forward TPA partner that could handle something new while nailing the fundamentals," said Matt Brow, CEO, Advanced Medical Pricing Solutions.

"That's exactly what we found in Nara Health. After a 27% renewal increase on our level-funded plan, we made the leap to self-insurance, and eight months in, our benefits costs are down 55% year-over-year, while our members are getting a better experience. Nara Health's care coordination has been key to getting our members to the right care faster."

Nara Health is air traffic control for every health plan. By pairing alternative plan designs with technology like same-day claims adjudication, cash pay, and an AI-native member experience, Nara is structurally changing how people access and pay for care. While most third-party administrators are limited to claims data that reflects what happened 60+ days ago, Nara Health's agentic care coordination platform synthesizes near-real-time and historical signals at speed and scale, including medical claims, prescription info, electronic medical records, and member interactions across calls, texts, and emails. With Nara Health owning the full member journey from plan design through care navigation, the experience stays coherent from the moment a health question comes up through the time care is scheduled and completed.

"Employer health plans have absorbed decades of cost increases with no real mechanism to push back on the underlying pricing," said Samir Kaul, Founding Partner and Managing Director at Khosla Ventures.

"Sid and his team have the clinical chops to know exactly where those dollars are getting wasted, and the technical depth to actually rebuild the systems that decide how they're spent. That combination is rare - most teams have one or the other. Nara Health has both."