Nayya raises $2.7 million

Nayya, the startup using AI to bring transparency and personalization to the way millions of Americans choose and use their employee benefits, has raised $2.7 million in seed funding led by Social Leverage, with participation from Guardian Strategic Ventures, Cameron Ventures, Soma Capital, as well as other strategic angels.

Co-founded by Sina Chehrazi and Akash Magoon, Nayya looks to simplify the process of choosing and understanding an employer-provided healthcare plan. When enrollment starts, employers send out an email that includes a link to Nayya’s Companion, the company’s flagship product. Companion helps employees find the plan that is right for them by asking a series of questions about lifestyle, health, location, etc. Nayya then looks at the various plans provided by the employer to show you which one matches the user’s particular lifestyle and budget best.

Aside from the enrollment feature, the startup also helps users find care offline or online via telemedicine, figure out out of pocket costs, and understand their plan with the assistance of ‘Edison’ the benefits bot that knows all about their plan and coverage.