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§ Private Profile · Boston, MA, USA
Insurtech, age-tech, AI, and predictive analytics for long-term care insurers, helping seniors age at home.
Based in Needham, Massachusetts, and Tel Aviv, Israel, Assured Allies is an insurtech company that develops predictive analytics and artificial intelligence platforms to help seniors age independently and reduce long-term care claims. The enterprise partners with long-term care insurance carriers through a B2B risk-sharing model, offering wellness programs like AgeAssured and NeverStop that can decrease claims costs by up to 20 percent. Operating with approximately 100 employees, the organization generates an estimated $10 million in annual revenue while covering over 100,000 older adults across its platforms. Assured Allies has secured more than $78 million in total funding, including a $42.5 million Series B round backed by prominent investors such as FinTLV Ventures, Harel Insurance, Hamilton Lane, and Samsung Next. The insurtech company was officially founded in 2018 by founders Roee Nahir and Afik Gal.
Assured Allies has raised $65.0M across 3 funding rounds.
Assured Allies has raised $65.0M in total across 3 funding rounds.
Assured Allies is a technology company specializing in evidence-based successful aging solutions, primarily through its products AgeAssured and NeverStop, which leverage data science, AI, and behavioral insights to reduce premature age-related decline and support aging in place.[1][2][3] These programs serve over 150,000 older adults and their caregivers via partnerships with long-term care insurance carriers, offering personalized interventions like safe home modifications, wellness strategies, and predictive risk reduction at no cost to users, while helping insurers lower costs and boost policy sales.[1][2][3][5] With operations in the US (headquartered in Needham/Boston, Massachusetts) and Israel, a team of over 100 employees, and $65 million raised (including a $42.5 million Series B led by FinTLV and Harel Insurance), the company demonstrates strong growth, including a multi-million-dollar deal with CalPERS in 2024 serving 130,000+ policyholders.[1][2][4]
Assured Allies was founded in 2017 (with some sources noting 2018 operations start) by Afik Gal (President and co-founder), inspired by personal challenges in caring for elderly family members, alongside other key figures like Liran Zvibel, Maor Ben-Dayan, and Omri Palmon.[1][2][4][5] The idea emerged from combining expertise in data science, aging-in-place best practices, medical sophistication, and insurtech innovation to address gaps in long-term care, partnering early with insurance leaders.[1][3][5] Pivotal early traction included building proprietary technology over a decade with $50 million invested, expanding to serve 150,000+ users, and securing major funding rounds amid rising demand for longevity solutions.[1][2][3]
Assured Allies stands out in the insurtech and aging tech space through:
Assured Allies rides the longevity economy wave, fueled by aging populations (e.g., Baby Boomers), rising long-term care costs, and insurtech adoption of AI for risk management.[2][3] Timing aligns with post-2020 demand for aging-in-place solutions amid healthcare strains, market forces like untapped LTC sales (2M policies/year), and regulatory pushes for compliance/efficiency.[1][3] It influences the ecosystem by transforming insurers into "longevity planners," lowering barriers via data-driven tools, and bridging healthcare/insurance with tech—backed by $65M funding and deals like CalPERS—pioneering scalable, evidence-based aging tech.[2][3][4]
Assured Allies is poised for accelerated expansion through deeper insurer integrations, AI enhancements, and global scaling (US/Israel hubs), targeting the $84M+ revenue trajectory amid surging LTC demand.[2][5] Trends like AI-driven personalization, hybrid insurance products, and wellness-embedded policies will propel growth, potentially doubling user base via new carrier wins. Its influence may evolve from niche innovator to category leader, redefining LTC as proactive wealth/health protection—cementing its role as the go-to for evidence-based successful aging.[1][3]
Assured Allies has raised $65.0M across 3 funding rounds. Most recently, it raised $43.0M Series B in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2023 | $43M Series B | Fintlv Ventures, Harel Insurance Investments & Financial Services | American Express Ventures, Battery Ventures, CapitalG, Cisco Investments, Core Innnovation Capital, Jigsaw VC, Leap Forward Ventures, MS&AD Ventures, Munich RE / HSB Ventures, Plug & Play Ventures, Redpoint Ventures, RTP Global, Symbol VC, UpWest, Zeev Capital, Boaz Hecht, Oded Hermoni, Akilia Partners, Equitrust, Hamilton Lane, Lumir Ventures, NEW ERA Capital Partners, Poalim Capital Markets, Samsung Next | Announced |
| Jul 1, 2021 | $18M Series A | Core Innnovation Capital, NEW ERA Capital Partners | Cisco Investments, Fintlv Ventures, MS&AD Ventures, Symbol VC, Harel Insurance Investments & Financial Services, LionBird, Wilton Reassurance Company | Announced |
| Mar 1, 2018 | $4M Seed | — | Felix Capital, General Catalyst, Symbol VC, WorldQuant Ventures | Announced |
Assured Allies has raised $65.0M in total across 3 funding rounds.
Assured Allies's investors include FinTLV Ventures, Harel Insurance Investments & Financial Services, American Express Ventures, Battery Ventures, CapitalG, Cisco Investments, Core Innnovation Capital, Jigsaw VC, Leap Forward Ventures, MS&AD Ventures, Munich Re / HSB Ventures, Plug & Play Ventures.