Allspring Cuts Twilio Stake by 7.2% as Ex-Team Launches $11M AI Health Startup
Allspring Global Investments cut its Twilio stake by 7.2%, selling 19,662 shares to hold 254,771 shares at quarter-end. Insight Health, cofounded by former Twilio Segment executive Jaimal Soni, raised an $11 million Series A to deploy AI assistants that shave 15–20 minutes off patient intake.
1. Allspring Reduces Twilio Stake
Allspring Global Investments lowered its position in Twilio by 7.2%, selling 19,662 shares to end the quarter with 254,771 shares on hand. The move may signal shifting institutional sentiment toward Twilio’s growth prospects and could add near-term selling pressure on the stock.
2. Insight Health Secures $11M Series A
Insight Health, cofounded in 2023 by former Twilio Segment CEO Jaimal Soni and three healthcare veterans, closed an $11 million Series A led by Standard Capital. The startup’s AI-driven patient assistant platform cuts 15–20 minutes from initial visits and aims to tackle the $1 trillion annual administrative burden in U.S. healthcare.