US EditionExclusive: AI-Powered Benefits Management Platform Origin Raises $30 Million in New Funding
Origin raised $30 million to enhance AI-driven benefits platform Cuido, enabling multinational companies to reduce costs by up to 20%, with $50 million raised in 12 months.
- Origin, a London-based AI-powered benefits platform startup, raised $30 million in Series A+ funding, bringing total capital raised in 12 months to more than $50 million. Notion Capital led the round with participation from Felix Capital, Acadian Ventures, and HSBC Innovation Banking U.K.
- Co-Founders Chris Bruce and Pete Craghill observed in summer 2023 that AI could finally solve a 15-year-old problem: giving multinational companies visibility into global benefits spending scattered across PDFs, policies, and vendor platforms in dozens of languages.
- Origin's AI engine, branded Cuido, ingests fragmented data from policies, contracts, renewals, broker reports, and vendor platforms into a single queryable system. The company spent 18 months mastering data ingestion, learning to assess wildly inconsistent source materials before trusting outputs.
- One CFO expecting to save around $75 million annually from his $750 million benefits budget demonstrates the platform's commercial value. A separate client consolidated 13 insurance policies into a single regional plan, achieving 20% cost reduction; a large technology company joined Origin 10 months after abandoning its own internal build.
- The new funding will deepen integrations with Workday and Oracle's Peoplesoft while expanding partnerships with brokers and consultants. Co-founders Bruce and Craghill previously built Darwin, which held 80% market share of the non-U.S. global benefits administration market before its 2016 acquisition by Mercer.
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Exclusive: AI-powered benefits management platform Origin raises $30 million in new funding
Origin, a London-based startup building an AI-powered platform to help multinational companies manage their employee benefits, has raised $30 million in new venture capital funding.The funding, which the company is calling an extended Series A+ round, brings the total amount of money Origin has raised in the past 12 months to more than $50 million.The latest investment is being led by Notion Capital, which also participated in Origin’s initial S…
AI-powered Benefits Platform Origin Raises $30 Million Series A+ ...
Employer News:AI-powered benefits platform Origin raises $30 million Series A+, bringing total funding to over $50 million to tackle the growing inefficiency of global benefits spend
New funding will accelerate Origin’s Enterprise Benefits Intelligence platform – which was co-created with multinational organisations including Pfizer, Comcast and BP “It’s a problem the benefits industry has been trying to solve for 15 years”, says Origin CEO Chris Bruce, “which is only possible thanks to AI.” Origin, the AI native platform reshaping how global […] The post AI-powered benefits platform Origin raises $30 million Series A+, brin…
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