Clover Health Inc. raised $160 million from private investors, suggesting the sector is still a favorite among venture capitalists betting on startups that are using an information-driven approach to address the health insurance market.

Clover’s model combines data with preventative care and it competes against traditional providers as well as startups, like Oscar Health Insurance Corp. The company will use the cash to continue improving its technology and expand to new markets, it said in a statement late last week.

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