Origin’s angel investors include Paul Daugherty, the former chief technology and innovation officer of Accenture; Jacqui Canney, the chief people and AI enablement officer at ServiceNow; and Tudor Havriliuc, the former vice president of human resources at Meta, who held the role from 2010 to 2022.
The company declined to provide its valuation following the latest funding, but said it was higher valuation than its valuation following the initial Series A.
Origin was founded by Chris Bruce and Pete Craghill, the leadership team behind Darwin, a benefits technology software company, originally called Thomsons Online Benefits, that was acquired by Mercer in 2016. At the time of its acquisition, Darwin held an 80% market share of the non-U.S. global benefits administration market, according to Bruce.
Bruce told Fortune that the idea for Origin came out of a discussion he had with Craghill in the summer of 2023 in which they both observed how advances in AI and large language models could now address a problem they had tried and failed to fully solve 15 years earlier: giving big companies a clear picture of what they spend on employee benefits globally.
“It simply was not possible without AI,” Bruce said.
