How much funding has Planyear raised?

Planyear has raised $12 million in total funding. Their latest funding round was Seed, $12.0M, October 2025, led by True Ventures. Key investors include True Ventures.

Where is Planyear headquartered?

Planyear is headquartered in Irvine, USA. The company has a team of 11-50 people.

What does Planyear do?

Planyear operates in the AI in Healthcare sector. An AI-native platform designed to transform the benefits consulting industry by automating administrative tasks and enabling consultants to focus on strategic guidance. Automates up to 70% of administrative tasks for benefits consultants, allowing them to focus on strategic guidance and client relationships, thereby increasing efficiency and scalability.

When was Planyear founded?

Planyear was founded in 2022. It is based in Irvine, USA.

How much funding has Planyear raised?

Planyear has raised $12 million in total funding. Key investors include True Ventures.

Who is the CEO of Planyear?

Tariq Hilaly is the CEO of Planyear. The company was founded in 2022.

Where is Planyear located?

Planyear is headquartered in Irvine, USA.

What funding stage is Planyear at?

Planyear is currently at the Seed stage.

How many employees does Planyear have?

Planyear has approximately 11-50 employees.

Planyear

Category: AI in Healthcare

An AI-native platform designed to transform the benefits consulting industry by automating administrative tasks and enabling consultants to focus on strategic guidance. Planyear was founded in 2022. The company is led by Tariq Hilaly. Based in Irvine, USA. Team size: 11-50. Total funding raised: $12 million. Latest round: Seed, $12.0M, October 2025, led by True Ventures. Key investors include True Ventures.

Founded: 2022
Headquarters: Irvine, USA
Team size: 11-50
Total funding: $12 million

Value proposition

Automates up to 70% of administrative tasks for benefits consultants, allowing them to focus on strategic guidance and client relationships, thereby increasing efficiency and scalability.

Products and solutions

BEACON Platform: An AI-driven platform that handles client and employee questions, document processing, census standardization, renewal workflows, and RFP responses, SAGE Assistant: AI-powered assistant for benefits consultants, Document Intelligence: Instantly extracts data from plan documents and quotes, Workflow Automation: Seamlessly connects plan data across entire benefits lifecycle

Unique value

Planyear's BEACON platform is an AI-native solution specifically built for the benefits consulting industry, combining artificial intelligence with deep industry expertise to automate and streamline complex workflows. Founded by industry veterans who experienced firsthand the frustrations of legacy systems and manual processes.

Target customer

Benefits consultants, agents, and insurance carriers

Industries served

Insurance, Benefits Consulting, Healthcare

Technology advantage

The core advantage is the significant time savings and efficiency gains provided to benefits consultants by automating manual tasks. This allows them to scale their operations and enhance their value proposition to clients. The platform processes and distributes client plan data seamlessly across workflows, from plan spreading to employee communication.

How they differentiate

Planyear differentiates itself through its AI-native platform, BEACON, which automates up to 70% of benefits consultants' administrative tasks. This includes handling client and employee questions, document processing, census standardization, renewal workflows, and RFP responses, allowing consultants to focus on strategic client work. Built by benefits consultants for benefits consultants, focusing on internal workflow automation rather than employer-facing benefits administration.

Main competitors

Alight (large-scale benefits outsourcing and platform provider), Zywave (BrokerageBuilder and CPQ - Benefits platform), WEX / Wright Express (payments infrastructure for benefits)

Key partnerships

True Ventures (lead investor), EPIC Insurance Brokers & Consultants (customer), Eight of top 20 US brokerage firms (customers)

Notable customers

EPIC Insurance Brokers & Consultants, Eight of top 20 US brokerage firms

Major milestones

Secured a $12 million seed funding round led by True Ventures in October 2025, Launched the BEACON platform, an AI-native solution for benefits consultants, Developed and launched SAGE AI assistant, Serves major brokerage firms across the United States

Growth metrics

Supports eight of the top 20 brokerage firms in the US. Platform automates up to 70% of administrative tasks for benefits consultants.

Market positioning

Planyear is positioned as an AI-powered platform specifically for benefits consultants, aiming to transform the economics of insurance brokerage by significantly increasing efficiency and reducing manual work. Targets the niche between benefits brokerage/consulting and workflow/RFP automation.

Geographic focus

United States, with headquarters in Irvine, California

Patents and IP

No patents publicly disclosed as of December 2025

About Tariq Hilaly

Co-Founder & CEO at Lumity, Inc. (acquired by a subsidiary of Morgan Stanley), Co-Founder & President at Motif Investing (acquired by Charles Schwab), and held Director roles at Microsoft and BEA Systems.

Official website: https://planyear.com/