SynopsisCommure, a healthcare AI platform, has achieved a significant milestone. The company announced a $7 billion valuation after raising $70 million in a funding round. General Catalyst led the investment, with participation from other major firms. Commure's agentic AI automates administrative tasks in healthcare. This technology is in high demand.Commure, an AI platform for healthcare, said on Tuesday it secured a $7 billion post-money valuation, raising $70 million in a financing round led by General Catalyst.The California-based company, ‌whose ⁠agentic ⁠AI automates administrative work across healthcare systems, also drew participation from Sequoia Capital, Morgan Stanley and Kirkland & Ellis.Agentic AI - which can plan, decide and act autonomously rather ​than just respond to ⁠prompts - has ‌become one of venture ​capital's ​most sought-after areas, as investors ⁠pile into businesses using the technology ​to streamline operations.Commure's revenue cycle management platform already completes more than 85% of work without human intervention, the company said, with its tools embedded across more than ‌500 healthcare organizations and 3,000 sites.Revenue cycle management refers to ​the process ​of managing ⁠patient billing and payment tracking within healthcare organizations.The company plans to use the funding ​to scale its revenue cycle and practice management platform, and expand its AI infrastructure into global healthcare markets. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now