Startup, backed by Alphabet, posts $22 million loss in 2017
Google parent Alphabet-backed insurance startup Clover Health has posted a $22 million loss in 2017, as compared to $35 million loss in 2016. However, the US-based startup's revenue grew from $184 million in 2016 to $267 million in 2017. Founded in 2014, Clover Health, which was reportedly valued at over $1 billion last year, is a data-driven health insurance startup.