What You Should Know:– Penguin Ai, a healthcare artificial intelligence company that solves administrative burdens, announced today that it has secured $29.7 million in venture funding, including a $25M Series A led by Greycroft. – Other participants in the financing include UPMC Enterprises, SemperVirens, Snowflake Ventures, Watershed Ventures and Horizon Mutual Holdings, Inc, the parent of New Jersey’s largest and oldest health insurer. Purpose-Built AI Platform for Payers and ProvidersPenguin Ai, a healthcare AI company founded in 2024, is transforming back-office operations for payers and providers with its generative AI-driven platform. “The healthcare industry spends billions annually on administrative inefficiencies,” said Fawad Butt, Founder and CEO of Penguin Ai, and former Chief Data Officer at UnitedHealthcare, Kaiser Permanente, and Optum. “By leveraging generative AI, we can dramatically reduce costs, improve accuracy, and return resources to the front lines of patient care.”Since its launch, Penguin Ai has secured partnerships with leading health plans, providers, and technology organizations.