The company offers its services through partnerships with retail pharmacies, payers, self-insured employers, exchanges and brokers.
The company will use the funds to expand beyond California and offer its employer health insurance solution to companies across the U.S. in 2016.
The company will use the new funds to scale in its initial market, expand to new markets and develop its clinical data platform.
As a result of this latest round of financing, the insurance startup now has an impressive valuation of $1.75 billion, according to The Wall Street Journal.
This sharing willingness varies by device used, ranging from 42% of digital pedometer owners to only 26% of those with a sleep-quality monitor.
Using the app, plan participants are able to access important health information on their iPhones and Android devices while on the go.
Customers are able to take a picture of their claim and submit it to begin processing it; the process is faster and is on average completed within four minutes.
MassMutual Ventures and AXA Strategic Ventures led the funding round, with participation from the series seed lead investor LaunchPad Digital Health.
The company is cash flow positive and will use the funds to expand operations and accelerate the development of related consumer decision support products.
The company makes it easier for freelancers and independent contractors, who make up one third of the U.S. labor force, to find the right insurance for them.