Thoughtful AI, an Austin, Texas-based AI-powered revenue cycle automation company, has secured $20 million in Series A funding.
The company also launched its fully human-capable AI Agents specializing in healthcare revenue cycle management (RCM).
Investors
The round was led by Nick Solaro of Drive Capital, with participation from TriplePoint Capital.
Thoughtful AI Use of Funds
The company will use the funding to drive R&D, advance RCM AI products, hire top tech talent, and expand market operations.
About Thoughtful AI
Thoughtful AI provides business automation solutions designed for mid-market healthcare companies. Its intelligent automation technology and cloud-based digital management platform offer everything middle-market businesses need to customize, implement, continuously monitor, and optimize AI Agents. Thoughtful AI utilizes cutting-edge technologies, including large language models (LLMs), natural language processing (NLP), optical character recognition (OCR), and robotic process automation (RPA), to create AI Agents capable of performing complex RCM tasks.
Funding Details
Company: Thoughtful Automation Inc.
Raised: $20.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Nick Solaro
Additional Investors: TriplePoint Capital
Company Website: https://www.thoughtful.ai/
Software Category: Healthcare Revenue Cycle Automation
Source: https://www.businesswire.com/news/home/20240716834123/en