Seattle startup Avante raises $30M to bring AI agents to corporate benefits teams
Avante's Series A round was led by Frist Cressey Ventures with participation from Sorenson Capital, Hearst Ventures, Morgan Stanley Next Level Fund, and existing investor Fuse. The funding brings total raised to $40 million following a $10 million seed round. The company's AI agents automate tasks like contract comparison, document review, and renewal preparation, with over 70 customers including Samsung and Zscaler. Avante plans to expand internationally and develop additional AI agents.
Key points
- $30M Series A led by Frist Cressey Ventures; total $40M raised
- AI platform automates corporate benefits management and employee coverage inquiries
- 70+ customers including Samsung and Zscaler; serves 385,000 employees
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