Stream Claims, an InsurTech startup specialising in AI-powered medical document review for workers’ compensation, has secured $5.3m in a seed funding round.
The investment was led by Spark Capital, with additional backing from Acrew Capital, TTV Capital, Sam Hodges, co-founder and CEO of Vouch Insurance, and Mike Rosengarten, former co-founder and CTO of OpenGov, according to InsurTech Insights. This latest funding brings Stream Claims’ total raised to $6.8m.
Stream Claims, founded in 2022 and led by CEO Eric Yen, offers a platform designed to streamline medical record processing and provide AI-generated insights.
The company’s technology aims to simplify document management for workers’ compensation professionals by using artificial intelligence to process and summarise medical records.
With the fresh capital, Stream Claims intends to bolster its product and customer success teams. According to the company, the new funding will help enhance its AI-driven platform in 2025, making it more powerful and adaptable to the evolving demands of the workers’ compensation sector.
Stream Claims offers three key products: Chrono, an AI-powered tool that allows users to upload and review medical records with AI-generated summaries; Chrono+, which provides full-service medical chronologies and summaries; and Sift, a solution designed to eliminate redundant information from medical documents, reducing page count and paperwork.
In a statement, a spokesperson for Stream Claims said, “With this new capital, we’re doubling down on our product and customer success teams, ensuring we deliver even more value to our customers. In 2025, we plan to further enhance our AI-driven platform, making it more powerful and adaptable to the evolving needs of the workers’ compensation industry.” The company also noted its commitment to growing as an in-person team in San Francisco and is actively seeking top talent.
Previously, Stream Claims raised $1.5m, bringing its total funding to $6.8m with this latest round.
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