# Raapid

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

- Industry: Healthcare IT
- Headquarters: Louisville, US
- Website: www.raapidinc.com
- Total disclosed funding: $6.7M
- Latest round: Series A (Mar 18, 2026)
- Investors on record: 2

## About

Founded in 2022 and based in Kentucky, US, Raapid Inc. focuses on AI technologies for healthcare. The company was founded by its CEO, Chetan Parikh. In March 2026, Raapid Inc raised an undisclosed amount of series A funding from UPMC Enterprises.

RAAPID Inc. specializes in neuro-symbolic AI technologies aimed at healthcare risk adjustment. The company's core offerings include advanced tools for Hierarchical Condition Category (HCC) coding, comprehensive chart review, and medical records audit services. The firm’s primary products, such as HCC Capture, HCC Compass, HCC Sage, and HCC Triage, utilize Natural Language Processing (NLP) to transform both unstructured and structured patient data from various sources into actionable insights. These products are designed to improve diagnostic accuracy, enhance clinical decision-making, and optimize financial performance for healthcare providers, health plans, and medical coding companies. Raapid serves a diverse clientele, including healthcare payers and providers.

The company generates revenue through a combination of subscription-based models and service contracts with healthcare organizations. The company charges fees based on the services utilized, such as chart audits and coding compliance, structured as monthly subscriptions or project-based billing.

The company will use the March 2026 funding to accelerate the expansion of its Clinical AI Platform as a unified, compliance-first solution for Medicare Advantage risk adjustment, medical coding, and audit defense.

## Funding rounds

- Series A, Mar 18, 2026 — UPMC Enterprises
- Series A, Dec 23, 2024, $6.7M — M12

## Investors

- M12 (https://capitalatlas.ai/funds/m12) — Series A
- UPMC Enterprises (https://capitalatlas.ai/funds/upmc-enterprises) — Series A