In 2026, employer healthcare costs are expected to see their largest increase in 15 years.

This simple statistic carries a dizzying assortment of socio-economic and political ramifications: The cost of healthcare has perhaps never been a more agonizing flashpoint in the U.S., at a time when AI is the driving force behind tech and economic growth. And still, where small businesses and their employees fit into this equation is fragile at best.

Ty Wang, Angle Health CEO and cofounder, said that while there’s been “an explosion of new ways of receiving medical services” like telehealth, digital pharmacies, and chronic disease management programs—these benefits mostly accrue to employees of large tech companies or major white-collar firms.

“These services are still largely inaccessible to the vast majority of Americans,” he said.

In 2019, Wang cofounded Angle Health, an AI-driven healthcare benefits startup, with fellow Palantir alum Anirban Gangopadhyay. Now, Angle has raised a $134 million Series B, consisting of both equity and debt, and led by Portage, Fortune has exclusively learned. The company says it serves more than 2,600 small business employers in 44 states.