Notable Systems, a Denver, CO-based AI-powered healthcare technology company, has secured a $12 million growth investment.
Investors
The round was led by Harbert Growth Partners and Grotech Ventures.
Harbert Growth Partners is a growth equity firm affiliated with Harbert Management Corporation (HMC), an investment management firm focusing on alternative assets with approximately $8.1 billion in regulatory assets under management as of February 28, 2025. HGP invests from its fifth fund and backs emerging growth-stage technology companies with capital, strategic advice, and an extensive entrepreneurial support network.
Grotech Ventures partners with innovative entrepreneurs to build companies that transform markets, create jobs, and produce extraordinary, sustainable growth. Founded in 1984 and based in Arlington, VA, Grotech has invested in more than 130 companies across various technology sectors. The firm typically invests from $500,000 to $5 million initially and continues investing throughout a company's growth phases.
Notable Systems Use of Funds
The investment will be used to grow Notable Systems' technology and go-to-market teams, supporting its expansion in the healthcare sector.
About Notable Systems
Notable Systems provides AI-powered solutions focused on automating revenue cycle management for durable medical equipment and home medical equipment providers. Their platform helps streamline billing and claims processing, improve accuracy, reduce denials, and speed up reimbursements. Using AI tools like natural language processing (NLP) and optical character recognition (OCR), they ensure faster approvals and compliance in healthcare operations. The company leverages advanced artificial intelligence and machine learning technologies to convert unstructured paperwork into secure, actionable data, automating workflows and performing real-time compliance assessments. Its notable customers include Enovis, Apria, XiFin, and National Seating & Mobility.
Funding Details
Company: Notable Systems, Inc.
Raised: $12.0M
Round: Growth Investment
Funding Date: April 2025
Lead Investor: Harbert Growth Partners, Grotech Ventures
Additional Investors:
Company Website: https://notablesystems.com/
Software Category: Healthcare AI/Revenue Cycle Automation
Source: https://www.hmenews.com/article/notable-systems-adds-12m-investment