Stream Claims, an insurtech startup specialising in AI-powered medical document review for workers’ compensation, has raised $5.3 million in a seed funding round led by Spark Capital.
Other investors include Acrew Capital, TTV Capital, Sam Hodges, co-founder and CEO of Vouch Insurance, and Mike Rosengarten, former co-founder and CTO of OpenGov. This latest round brings Stream’s total funding to $6.8 million.
Founded in 2022, Stream Claims, led by CEO Eric Yen, offers a platform designed to help clients streamline medical record processing and extract critical insights. The startup provides three key products: Chrono, a document processing tool that allows users to upload and review medical records with AI-generated summaries; Chrono-plus, which delivers detailed medical chronologies from user-uploaded PDFs; and Sift, a tool that identifies and removes redundant information from documents.
Stream offers three flagship products, developed after extensive customer validation and testing:
Chrono – Real-Time Document Processing Platform
Chrono is an AI-powered platform that gives clients full control over document processing. Through a user-friendly portal, clients can upload medical records, organize documents, review AI-generated summaries, and tailor outputs to meet their specific needs. Chrono empowers users to manage their documents on their own terms.
Chrono+ – Full-Service Medical Chronologies & Summaries
For clients preferring a more hands-off approach, Chrono+ provides a full-service solution. After uploading PDFs, the Stream team of medical and insurance experts delivers detailed chronologies within 72 hours, offering summaries tailored to each medical professional’s needs.
Sift – Document Deduplication and Streamlining
Managing duplicate or irrelevant pages in medical records is a common challenge. Sift automatically identifies and removes redundant content, reducing page count and focusing on the most relevant data. This saves time and lowers costs by minimizing unnecessary paperwork.
In a statement about the raise on the insurtech’s blog, a spokesperson said: “With this new capital, we’re doubling down on our product and customer success teams, ensuring we deliver even more value to our customers. In 2025, we plan to further enhance our AI-driven platform, making it more powerful and adaptable to the evolving needs of the workers’ compensation industry.”
They continued: “Stream continues to grow as an in-person team with headquarters in San Francisco. We’re passionate about meeting our clients face-to-face and understanding their challenges. Our mission is to help workers’ compensation professionals work smarter and faster, and we’re always looking for top talent to join us on this journey.”