RAAPID Secures Series A Funding
RAAPID, a Louisville, KY-based healthcare AI company that provides solutions for healthcare organizations, has secured Series A funding.
RAAPID, a Louisville, KY-based healthcare AI company that provides solutions for healthcare organizations, has secured Series A funding.
Investor
The investment comes from M12, Microsoft's venture fund, which invests in early-stage companies with a focus on AI, cloud infrastructure, cybersecurity, developer tools, vertical SaaS, and Web3/Gaming. Since 2016, M12 has invested in over 100 companies, helping startups accelerate growth through unparalleled access to Microsoft.
RAAPID Use of Funds
The company will use the funds to enhance its innovative Neuro-symbolic AI platform for healthcare risk adjustment. The funding will accelerate RAAPID’s mission to revolutionize healthcare and improve patient outcomes.
About RAAPID
RAAPID develops AI-powered solutions for healthcare payers, providers, and supporting organizations. The company's cloud-based risk adjustment platform uses neuro-symbolic AI to identify chronic conditions, determine HCC codes, calculate risk scores, and analyze population health trends. RAAPID serves organizations that participate in Medicare Advantage, ACA, Medicare ACO, and Medicaid programs.
Funding Details
Company: RAAPID, Inc.
Raised: Undisclosed
Round: Series A
Funding Month: January 2025
Lead Investor: M12
Additional Investors:
Company Website: https://www.raapidinc.com/
Software Category: AI Risk Adjustment Solutions
