Origin, an AI-native platform focused on
managing global employee benefits, has raised $30 million in a Series A+
funding round, bringing its total funding to over $50 million within the past
year. The round was led by Notion Capital, with participation from Felix
Capital, Acadian Ventures and existing investors, alongside additional growth
financing from HSBC Innovation Banking UK.
The company aims to address inefficiencies
in one of the largest and least visible areas of workforce spending: global
benefits. Traditionally fragmented across countries, vendors and systems,
benefits data is often dispersed across documents, platforms and languages,
making it difficult for organisations to gain a clear understanding of
coverage, costs and performance.
Origin’s platform introduces what it
describes as an Enterprise Benefits Intelligence system, using AI to aggregate
and structure complex, unstructured data into a unified, actionable view. Its
proprietary AI engine, Cuido™, is designed specifically for global benefits,
enabling organisations to analyse policies, identify inefficiencies, and
streamline operations across multiple markets.
Chris Bruce, co-founder and CEO of Origin,
noted that the primary challenge in global benefits has long been the absence
of a single, reliable source of truth.
AI now makes it possible to bring together
fragmented, complex data into a system that gives organisations full visibility
into their global benefits spend, so they can operate more efficiently and
deliver better outcomes for employees.
The platform has been developed in
collaboration with large multinational organisations managing benefits across
multiple jurisdictions, reflecting the increasing complexity faced by employers
as healthcare and risk-related costs rise globally.
With the new funding, Origin plans to
expand integrations with human capital management systems to improve employee
access to benefits information and to further develop its partner ecosystem,
supporting brokers, insurers and consultants with enhanced tools and
data-driven insights.