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CodaMetrix raised $40M in a Series B financing led by Transformation Capital to advance medical coding quality and clinically enrich claims data through AI.

03/12/24, 1:15 PM

Location

boston

Money raised

$40 million

Industry

information technology

Investors

Frist Cressey Ventures, Signal Fire, Transformation Capital

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.

Company Info

Company

CodaMetrix

Location

boston, massachusetts, united states

Additional Info

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. We autonomously translate clinical notes into billing codes that satisfy coding requirements, ensuring claims consistently represent the unique and complete episode of care, reducing human coding workload, while improving the efficiency and optimizing the quality of medical coding.

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Trends

	Raised	Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.
information technology	$9.8 B	-3.2%