Alaffia Health Secures $55M in Series B
Alaffia Health, a New York–based provider of agentic AI for health plan claims operations, has secured $55 million in Series B funding.
The round was led by Transformation Capital, with participation from FirstMark Capital, Tau Ventures, and Twine Ventures.
Transformation Capital is a digital health growth equity firm dedicated to supporting commercial-stage companies focused on improving health outcomes and the sustainability of the healthcare system. The firm was founded on the premise that investing in healthcare requires a sophisticated understanding of the healthcare system.
As part of the financing, Todd Cozzens, Managing Partner at Transformation Capital, has joined Alaffia Health’s Board of Directors.
The funding will support R&D and innovation of AI agents, expand platform capabilities, and scale adoption across health plan operations, alongside continued team growth.
Founded in 2020 by TJ Ademiluyi and Adun Akanni, Alaffia Health is a healthtech company that uses artificial intelligence to automate and optimize medical insurance claims audits. The company provides agentic AI solutions that support workflows across payment integrity, utilization management, and appeals. Headquartered in New York, Alaffia helps health plans reduce administrative waste by pairing clinical expertise with AI that evaluates claims against complete patient medical records.
Funding Details
Company: Alaffia Health
Raised: $55.0M
Round: Series B
Funding Date: February 2026
Lead Investor: Transformation Capital
Additional Investors: FirstMark Capital, Tau Ventures, Twine Ventures
Company Website: https://www.alaffiahealth.com/
Software Category: Agentic AI / Healthcare Claims Operations