Coral raises $12.5M to automate healthcares administrative back office
News Source : The Next Web
News Summary
- Coral, the New York-based AI startup automating administrative workflows for specialty healthcare providers, has raised $12.5 million in a Series A led by Lightspeed and Z47.
- The company was founded in 2024 by Ajay Shrihari, a robotics and AI researcher, and Aniket Mohanty, who has a background in medical image processing.
- In under a year of commercial operation, Coral has reached multiple millions in annual revenue and is targeting 4x growth before the end of 2026.
The New York startup has built AI that reads handwritten fax forms, processes prior authorisations, and completes patient intakes in under five minutes, all without asking providers to change how the [+4611 chars]
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