Seattle's Avante Raises $30M Series A From Frist Cressey to Expand Benefits-Management AI Agents

Seattle-based Avante announced a $30M Series A led by Frist Cressey Ventures with Sorenson Capital, Hearst Ventures, Morgan Stanley Next Level Fund and existing investor Fuse, bringing total funding to $40M after a 2024 $10M seed. The platform's AI agents compare vendor contracts to claims, flag plan-document errors and prep renewals for 70+ customers including Samsung Semiconductor, Zscaler and News Corp; the company says bookings grew nearly 5x in the past year.