Rockaa / Getty Images
Commure, an AI platform for healthcare, raised $70 million in a financing round that values the company at $7 billion, the company said Tuesday.
General Catalyst led the round, with participation from Sequoia Capital, Morgan Stanley $MS -1.61%, and Kirkland & Ellis.
At the core of Commure's offering is agentic AI, a technology capable of independently planning, making decisions, and taking action — going beyond simply responding to user input — which the company deploys to handle administrative functions throughout healthcare systems. According to the company, over 85% of tasks are handled end-to-end by its revenue cycle management tools — software that manages the billing and payment processes for patients — with no need for human involvement. The platform is deployed across more than 500 healthcare organizations and 3,000 sites.
The fresh capital will go toward growing Commure's AI infrastructure into international markets, the company said, as well as building out its revenue cycle and practice management offerings.
