Tennr, a New York-based healthcare AI startup, has raised $37 million in Series B funding, bringing its total funding to over $61 million.
Investors
The round was led by Lightspeed Ventures, with contributions from existing investors a16z and Foundation Capital.
Lightspeed Venture Partners is a multi-stage venture capital firm with $25 billion in assets under management (AUM) globally. The firm accelerates disruptive innovations and trends across the enterprise, consumer, health, and fintech sectors. Over the past two decades, Lightspeed has backed hundreds of entrepreneurs and helped build more than 500 companies worldwide.
Tennr Use of Funds
The company will use the funds to grow its research team and expand its sales and marketing efforts.
About Tennr
Founded in 2021 by Trey Holterman, Diego Baugh, and Tyler Johnson, Tennr focuses on automating document processing and workflow management specifically for the healthcare industry. Tennr reads every document passing through healthcare practices and automates clinical and operational tasks, such as scheduling and qualifying patient visits, to input data into practice systems automatically. Tennr uses machine learning and document scanning technologies to streamline how referrals are handled by healthcare providers.
Funding Details
Company: Tennr Inc.
Raised: $37.0M
Round: Series B
Funding Date: October 2024
Lead Investor: Lightspeed Ventures
Additional Investors: a16z, Foundation Capital
Company Website: https://www.tennr.com/
Software Category: Healthcare Workflow Automation
Source: https://www.globenewswire.com/news-release/2024/10/22/2967079/0/en/Tennr-lands-37m-while-tearing-through-the-paper-mountain-in-healthcare-with-leading-document-reading-model.html