AI-powered benefits platform Origin has raised more than $30 million in a Series A+ funding round, bringing total funding to over $50 million.
Origin was founded by the leadership team behind Darwin, the benefits technology company acquired by Mercer in 2016.
The platform designed to manage global benefits through identifying inefficiencies, streamlining benefits operations, and improving employee experience at scale. The platform was co-created with multinational organisations including Pfizer, Comcast and BP.
Origin is powered by AI engine Cuido, which performs tasks such as connecting inventory, spend, risk and performance data to provide actionable insights.
Speaking to Corporate Adviser, Origin chief executive Chris Bruce says: “AI tools have been known to hallucinate, and make things up. We wanted to make sure from the beginning that we were building AI that could be trusted with the results that we were giving back.
“With Cuido, we’re developing different the ability to to ingest thousands of different benefit documents, and then to be able to extract the information, and to put it into a structured database.”
The Series A+ funding was led by Notion Capital, which also participated in Origin’s Series A round.