Thoughtful AI raises $20m in a Series A round led by Nick Solaro of Drive Capital and TriplePoint Capital for human-capable AI Agents in healthcare revenue cycle management

Jul 18, 2024•about 1 year ago

Amount Raised

$20 Million

Round Type

series a

AustinSoftwareMachine LearningArtificial Intelligence

Investors

Triple Point CapitalDrive CapitalNick Solaro

Description

Thoughtful AI has raised $20 million in a Series A round led by Nick Solaro of Drive Capital and TriplePoint Capital. The funding will be used to reinvest in research and development, make progress in flagship RCM AI products, hire top-tier tech talent, and expand the go-to-market strategy and operations.

Company Information

Company

Thoughtful AI

Location

Austin, Texas, United States

About

We are Thoughtful AI – pioneering a new approach to automation for all healthcare providers! Our Fully-Human Capable AI Agents operate within your existing RCM tech stack to accomplish key end-to-end tasks currently performed by human employees. The Thoughtful AI platform utilizes state-of-the-art technology, including Robotic Process Automation, Optical Character Recognition, Natural Language Processing, and Large Language Models.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech