Planyear, an Irvine, California-based AI-native platform for benefits consultants, has secured $12 million in Seed funding.
Investors
The round was led by True Ventures, a Silicon Valley–based venture capital firm specializing in early-stage tech startups, particularly in AI, consumer tech, and enterprise software. Focused on pre-seed and seed-stage investing, the firm manages over $3.8 billion and has invested $3.3 billion across more than 475 teams since its founding in 2005.
Planyear Use of Funds
The funds will be used to expand Planyear’s BEACON platform, enhance support for employers, general agents, and carriers, grow its sales team, and advance AI product development.
About Planyear
Led by CEO Tariq Hilaly, Planyear is an AI-native platform built to streamline and modernize the work of benefits consultants. The company’s flagship product, the BEACON platform, combines AI automation with benefits expertise to handle client & employee questions, document processing, census standardization, renewal workflows, and RFP responses. Headquartered in Irvine, California, Planyear is already working with 6 of the top 10 brokerage firms.
Funding Details
Company: Planyear, Inc.
Raised: $12.0M
Round: Seed
Funding Date: October 2025
Lead Investor: True Ventures
Additional Investors:
Company Website: https://www.planyear.ai/
Software Category: AI / Benefits Consulting / Insurtech
Source: https://www.prnewswire.com/news-releases/planyear-raises-12m-seed-round-to-transform-benefits-consulting-with-ai-native-platform-302584959.html