RapidClaims, a New York-based AI-driven revenue cycle management platform provider, has raised $8 million in Series A funding, bringing its total raised to $11 million.
Investors
The round was led by Accel, with participation from Together Fund.
Accel is a global venture capital firm that invests in early-stage and growth-stage tech companies. The firm focuses on sectors such as technology, consumer products, SaaS, fintech, and healthcare. With offices in Silicon Valley, London, and Bangalore, Accel provides capital, strategic guidance, and a vast network to help companies scale globally.
RapidClaims Use of Funds
The company will use the funds to accelerate its market expansion and refine its AI-powered claim denial prevention technology. With this investment, RapidClaims plans to increase sales and marketing efforts, enhance product capabilities, and expand its team.
About RapidClaims
Founded in 2023 by Dushyant Mishra, RapidClaims offers an AI-powered platform designed to streamline revenue cycle management in healthcare. The company focuses on AI-driven claim denial prevention, medical coding, clinical documentation improvement, and claim scrubbing. By leveraging cutting-edge AI technology, RapidClaims helps organizations reduce costs, optimize reimbursements, and prevent claim denials through seamless integration with over 15 electronic health record (EHR) systems. RapidClaims serves various healthcare organizations, including hospitals, physician groups, and value-based care organizations.
Funding Details
Company: RapidClaims
Amount Raised: $8.0M
Round: Series A
Funding Date: April 2025
Lead Investor: Accel
Additional Investors: Together Fund
Company Website: https://www.rapidclaims.ai/
Software Category: AI-Revenue Cycle Management
Source: https://www.entrepreneur.com/en-in/news-and-trends/rapidclaims-secures-usd-11-mn-to-revolutionise-ai-powered/489447