The startup claims that its customers have seen an average return on investment of between five-times and nine-times, leading to approximately 300% greater net revenue retention rates. The funds from the Series A round will be used to invest in research and development, hire more tech talent, and expand its go-to-market and operations teams.
Key takeaways:
- Healthcare revenue collection startup Thoughtful AI has raised $20 million in an early-stage funding round, bringing its total funding to $35 million.
- The company has launched three AI agents, CAM, EVA and PHIL, designed to handle claims processing, patient eligibility verification and payment posting tasks in the healthcare industry.
- Thoughtful AI claims its AI agents can perform revenue collection tasks as efficiently as humans, but with fewer mistakes and the ability to work continuously.
- The startup plans to use the new funding to invest in research and development, hire more tech talent, and expand its go-to-market and operations teams.