About Clasp AI
Clasp AI is a company based in New York (United States) founded in 2023 by Zach Zhang and Amar Jasarbasic. It operates as a SaaS (Software-as-a-Service), API-as-a-Product, and InsurTech. Clasp AI has raised $7.88 million across 2 funding rounds from investors including Base10 Partners, Eric Stromberg and Andrew Brown. Clasp AI offers products and services including Clasp Admin Platform and Developer API. Clasp AI operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter New York, United States
- Founders Zach Zhang, Amar Jasarbasic
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Sectors
TechnologyHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Clasp, Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$7.88 M (USD)
in 2 rounds
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Latest Funding Round
$6.38 M (USD), Series A
May 13, 2024
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Investors
Base10 Partners
& 3 more
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Employee Count
Not available
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Products & Services of Clasp AI
Clasp AI offers a comprehensive portfolio of products and services, including Clasp Admin Platform and Developer API.
Benefits administration is automated for insurance brokers.
Integration tools are provided for benefits automation.
Funding Insights of Clasp AI
Clasp AI has successfully raised a total of $7.88M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.38 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Clasp AI
Clasp AI has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Base10 Partners, Eric Stromberg and Andrew Brown.
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Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors.
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Eric Stromberg |
Founder of Bedrock, ex-Oyster, active angel investor in Indian startups
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Andrew Brown |
Angel investor focusing on Indian startups, tech enthusiast
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Investor details for Clasp AI
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Investments & Acquisitions by Clasp AI
Investment portfolio details for Clasp AI
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Financial Statements - Clasp AI
Detailed financials for Clasp AI
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Clasp Ai Comparisons
Peer comparison for Clasp AI
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- Named peers
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Competitors of Clasp AI
Clasp AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Alight, Swile, Practo and Accolade, among others.
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Virtual physical therapy and digital pain care solutions are provided.
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Cloud-based HRMS solutions are offered for enterprise HR management.
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A card-linked wallet is provided for employee financial management.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Employee benefit administration and payment solutions are provided for enterprises.
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Detailed competitors of Clasp AI
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Latest news on Clasp Ai
Complete news archive for Clasp AI
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Frequently Asked Questions about Clasp AI
Clasp AI was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Clasp AI is headquartered in New York, United States. It is registered at New York, New York, United States.
Amar Jasarbasic is the current CEO of Clasp AI. They have also founded this company.
Clasp AI is a funded company, having raised a total of $7.88M across 2 funding rounds to date.
Clasp AI is engaged in providing AI-driven solutions for benefits administration, primarily targeting insurance brokers. The platform is designed to automate back-office tasks, reducing manual work and eligibility discrepancies. It serves top brokerages and payroll platforms by offering features like medical enrollment, HSAFSA support, automated COBRA, ACA compliance, and configurable eligibility rules. Integration capabilities are provided through a marketplace and developer APIs. The company operates in the InsurTech sector, aiming to streamline processes so brokers can focus on growth and relationship building.
Clasp AI's top competitors include Accolade, Hinge Health and Alight.
Clasp AI offers Clasp Admin Platform and Developer API.
Clasp AI has 4 investors. Key investors include Base10 Partners, Eric Stromberg, Andrew Brown, and Willem Van Lancker.