Procode AI, a Los Angeles, CA-based AI-powered revenue cycle management (RCM) platform for private practice surgeons, has emerged from stealth with $4 million in funding.
The company also announced the acquisition of The Auctus Group, a U.S. biller for plastic surgeons and a top-three biller in dermatology.
Investors
The round was led by Story Ventures, with participation from CHAP Health Ventures, Progression Fund, and Dmitry Shevelenko.
Story Ventures is an early-stage venture capital firm based in New York City that invests in startups building the foundations of automated systems, from data capture to machine intelligence. Founded in 2016, the firm focuses on pre-seed and seed-stage technology companies across various sectors, including AI, healthcare data, connected systems, and fintech.
Procode AI Use of Funds
The company will use the funds to expand its technology for coding automation, enhance the Auctus Provider App, and scale AI-powered revenue cycle management services.
About Procode AI
Founded in 2024 by Jeff Cripe, Kameron Rezzadeh, M.D., and James Baez-Silva, Procode AI is an AI-powered revenue cycle management company for surgeons in private practice. The company builds intelligent billing infrastructure that removes the administrative burden and uncertainty of reimbursement, giving surgeons confidence in their revenue and the freedom to focus on patient care. Headquartered in Los Angeles, California, its Coding Copilot, AR/Denial Management Engine, and Auctus Provider App automate coding, streamline claims, and provide providers with transparency into their revenue cycle.
Funding Details
Company: Procode, Inc.
Raised: $4.0M
Round: Undisclosed
Funding Date: March 2026
Lead Investor: Story Ventures
Additional Investors: CHAP Health Ventures, Progression Fund, Dmitry Shevelenko
Company Website: https://www.tryprocode.com/
Software Category: AI-powered Revenue Cycle Management (RCM)
Source: https://www.prnewswire.com/news-releases/procode-ai-launches-from-stealth-with-4m-and-the-acquisition-of-the-auctus-group-to-bring-ai-powered-rcm-to-private-practice-surgeons-302700050.html