# Mandolin Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mandolin-software

- Industry: Software
- Headquarters: Indianapolis, US
- Website: http://www.mandolin.com
- Total disclosed funding: $17M
- Latest round: Seed (Jun 25, 2025)
- Investors on record: 10

## About

Mandolin Software, Inc. is a U.S.-based technology company specializing in AI-driven automation solutions for healthcare, aimed at improving operational efficiency in specialty therapy delivery.Founded in 2020 in Indianapolis, US, Mandolin Software, Inc. focuses on delivering automation tools for healthcare operations. The company has raised USD 12 mn in its Series A funding round, co-led by Foundry Group and 645 Ventures, with participation from Time Ventures. The latest round of funding took place on June 30, 2021, and the company has engaged in 2 deals.Mandolin offers an advanced AI-driven automation platform designed to enhance the delivery of specialty therapies in healthcare. Its core product leverages multimodal artificial intelligence to automate back-office tasks, including reading and interpreting referral forms, lab reports, and clinical notes, without the necessity for APIs or integrations. This technology addresses critical issues in the patient intake process, benefits verification, prior authorization, and claims management, ultimately reducing manual work and expediting patient access to necessary therapies. Mandolin's services are utilized by organizations managing over 100,000 patients monthly, primarily within the U.S. healthcare market, with a focus on infusion centers and specialty drug providers. The platform has demonstrated its capacity to streamline workflows and provide precise coverage insights, thereby transforming the operational landscape for specialty therapy administration.Mandolin's revenue model is primarily based on partnerships with healthcare organizations that utilize its automation services to improve efficiency in back-office operations. The transactions typically involve subscription agreements, where clients pay for access to Mandolin's suite of tools tailored to specific functions like benefits verification and claims automation. Revenue is generated as healthcare providers integrate Mandolin's platform into their existing workflows without requiring extensive setup or integration efforts. The pricing structure reflects the value provided through enhanced operational efficiency, accuracy, and speed, yet specific pricing plans for individual services are not disclosed. The company has enabled the administration of approximately USD 5 bn in drugs to date, underscoring its impact on the specialty drug market.In June 2021, Mandolin Software, Inc. raised USD 12 mn in Series A funding to accelerate the expansion of its live streaming and digital experiences. The funding will support continued innovation as a data and software leader, while also investing in go-to-market resources. Future efforts will likely include the launch of new products designed to enhance service offerings and target new geographic markets, focusing on further penetration in the U.S. healthcare sector and potentially exploring international opportunities.

## Funding rounds

- Seed, Jun 25, 2025 — SV Angel, Maverick Capital, SignalFire, Timeless
- Series A, Jun 25, 2025 — Greylock Partners, SignalFire
- Series A, Jun 30, 2021, $12M — Foundry Group, 645 Ventures, High Alpha, Time Ventures
- Seed, Oct 7, 2020, $5M — AngelList, High Alpha

## Investors

- AngelList — Seed
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Seed, Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- 645 Ventures (https://capitalatlas.ai/funds/645-ventures) — Series A
- Time Ventures (https://capitalatlas.ai/funds/time-ventures) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Seed
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Seed, Series A
- Timeless (https://capitalatlas.ai/funds/timeless) — Seed
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A