Oscar Health has secured $165 million in a funding round led by Brian Singerman and Founders Fund, and including 8VC, Verily Life Sciences LLC, Fidelity, General Catalyst, Capital G, Khosla Ventures LLC and Thrive Capital, among others.

Oscar Health plans to use the funding to accelerate its expansion by moving into four to five new cities every year with an array of individual, small group and other market segments.