Procode Raises $10M Series A

Procode, a Los Angeles-based company specializing in AI-powered medical billing and revenue cycle management for private practice surgeons, has announced a $10 million Series A funding round. This new capital brings the company's total venture funding to $14 million. The announcement follows the company's recent acquisition of The Auctus Group and the release of research demonstrating the efficacy of its proprietary AI coding technology.

Investors

The funding round was led by Health Velocity Capital, a firm focused on revenue cycle management and healthcare infrastructure.

Procode Use of Funds

Procode plans to utilize the $10 million investment to fund two additional strategic acquisitions of surgical billing companies in the coming months. The company intends to integrate its AI-powered platform into these acquisitions to automate coding workflows, reduce billing denials, and accelerate reimbursement growth across all surgical specialties and ambulatory surgical center billing.

About Procode

Founded in 2024, Procode Inc. was established by CEO Jeff Cripe and Chief Medical Officer Dr. Kameron Rezzadeh. The company develops AI-driven revenue cycle management infrastructure designed specifically for private practice surgeons. Its platform automates charge capture, submission, and billing processes to reduce administrative burdens and maximize financial reimbursements for healthcare providers.

Funding Details

Company Website: https://www.tryprocode.com/

Company: Procode Inc.
Raised: $10M
Round: Series A
Funding Date: July 28, 2026
Lead Investor: Health Velocity Capital
Software Category: Healthcare IT
Source: https://ramaonhealthcare.com/procode-secures-10m-to-scale-ai-powered-surgical-revenue-cycle-management/