Abacus Insights Secures $12.7 Million in Series A Financing Led by CRV

The new funding will help drive expansion and aggressively grow the company’s technology and product talent as Abacus continues its rapid growth trajectory. “Abacus Insights is capitalizing on one of the most profound technology transitions in health insurance history, by helping clients unlock the value of their data to improve patients’ lives,” said Murat Bicer, General Partner at CRV. “With deep healthcare experience and cutting-edge cloud expertise, Abacus has built the right team to pioneer a new way for health insurance companies to access valuable data trapped in siloed legacy systems and use it to create actionable insights.” “This investment will help propel us forward as we continue to scale the company, adding talented professionals who are looking to make a difference tackling one of the thorniest problems facing our healthcare system,” said Dr. Minal Patel, CEO and Founder of Abacus Insights. We believe partnering with them and our existing investors, .406 Ventures and Echo Health Ventures, uniquely positions us to continue to innovate on our data platform to meet the aggressive demand we are seeing in the market.” Abacus has gained significant market traction and is aggressively growing its world class team, seeking Engineering and Product talent in both New York City and Boston, MA. CRV has been a leading investor in high-growth technology companies for nearly half a century, focusing on enterprise, consumer and bioengineering.