CodaMetrix raised $40M in a Series B financing led by Transformation Capital to advance medical coding quality and clinically enrich claims data through AI.
Amount Raised
$40 Million
Round Type
Series B
BostonInformation TechnologySoftwareHealth CareArtificial IntelligenceMachine LearningNatural Language ProcessingSaaSInvestors
Description
CodaMetrix closed its $40 million Series B funding round led by Transformation Capital, with continued support from existing investors SignalFire and Frist Cressey Ventures. The funding will be used to further advance CodaMetrix’s AI-powered solutions, improving medical coding quality and clinically comprehensive data sets.
Quick answer
CodaMetrix raised $40 Million in a Series B round, dated March 12, 2024. Investors: Frist Cressey Ventures, SignalFire and Transformation Capital. CodaMetrix is based in Boston, Massachusetts, United States.
- How much did CodaMetrix raise?
- CodaMetrix raised $40 Million in a Series B round on March 12, 2024.
- Who invested in CodaMetrix?
- Frist Cressey Ventures, SignalFire and Transformation Capital are named as investors in this round.
- What does CodaMetrix do?
- CodaMetrix's cutting-edge, multi-specialty autonomous medical coding platform leverages AI to continuously learn from and act upon the clinical evidence in the EHR.
- Where is CodaMetrix based and how big is it?
- CodaMetrix is based in Boston, Massachusetts, United States.
- Who are the decision-makers at CodaMetrix?
- Fundz holds 1 contact at CodaMetrix, including the Chief Data Science Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and SaaS around the same time
Companies in the same sectors as CodaMetrix that raised within 45 days of this round, from Fundz verified event records.
- Dapta raised $1.2M (Pre-Seed) on April 11, 2024.
- Cranium Al raised $25M (Series A) on March 4, 2024.
- Myko AI raised $2.7M (Seed) on February 26, 2024.
- CLARA Analytics raised $64M (Funding Round) on February 21, 2024.
- Nvidia raised $2.1M (Seed) on February 2, 2024.
- Parloa raised $66M (Series B) on April 24, 2024.
Who to call at CodaMetrix, and when
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