While the exact amount of the funding remains undisclosed, the investment is set to support Nayya in advancing its AI-driven tools that help employees make more informed benefits decisions.
Founded in 2019, Nayya has already raised over $105 million from prominent investors such as ADP Ventures, Guardian Life, and Unum. The platform leverages artificial intelligence and data analytics to offer personalized benefits recommendations, aiming to improve employee engagement and satisfaction by making the often-complex world of benefits easier to navigate.
The new funding from Workday Ventures will further strengthen Nayya’s mission to empower employees with better decision-making capabilities regarding their benefits, ultimately fostering greater workplace well-being and satisfaction.
Barbry McGann, managing director and senior vice president, Workday Ventures, said: “Nayya is transforming the way employees engage with their benefits, and we’re excited to support them in their journey. Our investment in Nayya reflects our shared commitment to enhancing the employee experience through innovative, data-driven solutions.”
He added: “We believe that Nayya’s approach will complement and elevate the benefits landscape, aligning with our broader vision of empowering both employees and employers.”
