# Fathom

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fathom

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.fathomhealth.com
- Total disclosed funding: $51M
- Latest round: Series B (Nov 9, 2022)
- Investors on record: 10

## About

Fathom, Inc. is a technology company that specializes in automating medical coding using artificial intelligence, enhancing operational efficiency for healthcare providers through accurate and efficient coding solutions. Founded in 2017 and headquartered in San Francisco, US, Fathom, Inc. focuses on advanced medical coding automation. The company was Co-founded by Andrew Lockhart (CEO). In May 2026, Fathom, Inc. raised venture funding from CVS Health Ventures. Fathom specializes in advanced medical coding automation powered by artificial intelligence, designed to streamline and enhance the coding processes for healthcare providers. The core offerings include AI-driven solutions that assist in the accurate coding of medical records, improving operational efficiency and reducing errors. The technology supports senior operations, coding, IT, and physician leaders in addressing challenges faced by revenue cycle operations. The primary customer base encompasses hospitals and healthcare systems across the United States, where coding professionals utilize the product to improve their workflows, particularly in high-volume coding environments. Fathom's revenue model is based on subscription services, allowing clients to access its medical coding automation tools. The transactions are structured as B2B partnerships, with agreements tailored to healthcare organizations' needs and operational scale. Clients typically engage in tiered pricing plans based on the volume of coding processed, emphasizing long-term relationships and continuous support as part of the service offering. The company will use this May 2026 funding to expand its operations and development efforts and support increasing demand from healthcare providers and payers for its autonomous coding platform.

## Funding rounds

- Series B, Nov 9, 2022, $46M — Lightspeed Venture Partners, Founders Fund, Alkeon Capital Management, Tarsadia Investments, Inflect Health, Cedars-Sinai Health Ventures, ApolloMD
- Seed, Nov 17, 2015, $5M — GV, StartX, 8VC

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Seed
- StartX — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series B
- Tarsadia Investments — Series B
- Inflect Health (https://capitalatlas.ai/funds/inflect-health) — Series B
- Cedars-Sinai Health Ventures — Series B
- ApolloMD — Series B