# Outbound AI

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.outbound.ai
- Total disclosed funding: $23M
- Latest round: Seed (May 2, 2023)
- Investors on record: 10

## About

Based in Washington, US, and founded in 2021, Outbound AI, Inc. operates as a healthcare technology company that develops virtual agents and software solutions for healthcare applications. The company is spun out of Madrona Venture Labs (MVL) and founded by its CEO, Stead Burwell, CTO  Jonathan Wiggs, Kshitij Moghe, and Justin Ith. In June 2023, Outbound AI, Inc. raised USD 16 million in seed funding co-led by Madrona Venture Group, SpringRock Ventures, Epic Ventures, Ascend, and Pack Ventures.

Outbound provides a Conversation AI platform that develops virtual agents to automate phone-based administrative work across the healthcare sector, which includes tasks such as claims status, eligibility, benefits verification, and prior authorization. The services offered by the company include Claims Work Console, a SaaS platform that automates phone-based billing work for physician practices and medical billing companies; Conversation AI Cloud to streamline phone-based administrative work for healthcare enterprises; and solution partners.

## Funding rounds

- Seed, May 2, 2023, $16M — EPIC Ventures, Madrona Venture Group, Alumni Ventures Group, SpringRock Ventures, KCRise Fund, Ascend, Tacoma Venture Fund, Pack Ventures, Locke Capital
- Seed, Jun 1, 2021, $7M — EPIC Ventures, Madrona Venture Group, SpringRock Ventures, Ascend Venture Capital, Pack Ventures

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Seed
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed
- SpringRock Ventures (https://capitalatlas.ai/funds/springrock-ventures) — Seed
- Ascend Venture Capital (https://capitalatlas.ai/funds/ascend-venture-capital) — Seed
- Pack Ventures (https://capitalatlas.ai/funds/pack-ventures) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- KCRise Fund (https://capitalatlas.ai/funds/kcrise-fund) — Seed
- Ascend — Seed
- Tacoma Venture Fund (https://capitalatlas.ai/funds/tacoma-venture-fund) — Seed
- Locke Capital — Seed