Google’s parent company, Alphabet Inc, is set to provide $375 million in funding for health insurance startup Oscar Health, according to Oscar’s co-founder and CEO Mario Schlosser.

“It’s fantastic for us because it will really allow us to focus fully on the core model we’ve been building for the past six years, which is: use technology, use data, use design, use a human approach to build a very different health care experience,” said Schlosser. “And that’s what this allows us to do.”

The announcement comes on the heels of a $165 million funding round, including Alphabet-backed CapitalG and Verily Life Sciences.

Read the full interview with Wired’s Nicholas Thompson here.