HIT News & Events

Health In Tech announced that it has entered into a securities purchase agreement for a private investment in public equity financing that is expected to result in gross proceeds of approximately $7M before deducting placement agent fees and offering expenses. The PIPE is expected to close on or about March 27, subject to the satisfaction of customary closing conditions. Pursuant to the terms of the securities purchase agreement, at the closing of the PIPE, Health In Tech will issue an aggregate of 5.6M shares of Class A common stock at a price of $1.25 per share. Craig-Hallum Capital Group acted as the sole placement agent for the PIPE.

Reports Q4 revenue $7.51M vs. $4.9M last year. Tim Johnson, CEO of Health In Tech, commented, "2025 was a defining year of disciplined execution and measurable platform scale for Health In Tech. We strengthened our AI-enabled underwriting marketplace, expanded carrier, broker, and TPA integrations, and further automated core insurance workflows to drive efficiency and margin scalability. We extended underwriting capabilities into larger employer segments and continued enhancing our technology architecture to support enterprise-level throughput across the approximately $300 billion U.S. claims administration market. Most importantly, we translated operational progress into financial performance, delivering 71% year-over-year revenue growth."

Health In Tech (HIT) announced a strategic collaboration with Ciklum, a global AI-powered experience engineering and software development firm, to enhance the Company's AI-driven InsurTech platform. The HIT's platform operates as an integrated self-funded stop-loss health insurance marketplace serving more than 800 insurance brokers, third party administrators, or TPAs, managing general underwriters, or MGUs, and carriers in 40 states. Ciklum's collaboration will optimize the platform's administrative, sales, and analytics capabilities. This initiative will expand both front- and back-end functionality to create an integrated technology environment-from AI-driven bindable quotes to AI-enabled financial reporting and analytics-while streamlining data infrastructure and reporting processes which all hosted on Amazon (AMZN) Web Services, or AWS. Through this collaboration, Health In Tech expects to leverage Ciklum's deep technical expertise in AWS architecture, data engineering, and AI-driven software development to accelerate platform innovation and scalability.