Athelas, Incorporated
Latest round
- Series B
Last raised
- Jan 2022
Total raised
- $58M
Investors
- 10
About Athelas, Incorporated
Athelas, Incorporated is a technology company specializing in healthcare automation and artificial intelligence solutions.Founded in 2016 in Mountain View, US, Athelas, Incorporated develops innovative software aimed at enhancing healthcare practices.39 mn on October 4, 2023. Athelas was co-founded by Deepika Bodapati and Tanay Tandon, who is also the CEO.Athelas offers an integrated suite of products designed to enhance healthcare practices through automation and artificial intelligence (AI). The core offerings include Ambient AI, an advanced documentation tool that assists clinicians in drafting clinical notes in real-time, streamlining workflows by automatically generating CPT and ICD-10 codes. Additionally, the platform features AI-powered Revenue Cycle Management (RCM) tools that accelerate claim processing, reduce denial rates, and optimize financial performance by analyzing millions of data points for actionable insights. Athelas serves a diverse client base that includes medical practices, billing companies, and healthcare organizations across North America, Europe, and Asia.The revenue structure of Athelas is primarily built around subscription-based models for its software services, which include RCM, the Ambient AI scribe, and AI Agents designed to automate various administrative tasks. Clients engage with Athelas through contracts that may vary in length and complexity, reflecting the tailored nature of the services provided. Transactions are executed on a B2B basis, where healthcare practices pay for the services based on their specific needs and the number of providers utilizing the system. Although specific pricing plans are not disclosed, the comprehensive nature of their flagship products suggests that clients may incur costs based on usage levels, feature access, and the scale of their operations., a move expected to bolster its growth opportunities and enhance its AI-enabled workflow platform to drive further operational efficiency for health systems. Specific plans for launching upcoming products have not been detailed, but the merger is anticipated to enable the company to strengthen its position in existing and potentially new geographic regions.
Who invested in Athelas, Incorporated
10 investors across 3 rounds
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Questions about Athelas, Incorporated
Who invested in Athelas, Incorporated?
Athelas, Incorporated has 10 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Athelas, Incorporated raised?
Athelas, Incorporated has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Athelas, Incorporated last raise money?
Athelas, Incorporated's most recent round on record is a Series B, in Jan 2022.
What does Athelas, Incorporated do?
Athelas, Incorporated is a technology company specializing in healthcare automation and artificial intelligence solutions.
Where is Athelas, Incorporated headquartered?
Athelas, Incorporated is headquartered in Mountain View, US.
Which VCs invest in companies like Athelas, Incorporated?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back medical devices & equipment companies at Athelas, Incorporated's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Series B
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