SiftMed Raises New Funding

SiftMed, based in St. John's, Newfoundland, provides an AI platform that organizes, reviews, and extracts insights from medical claims. The company has secured a new round of funding, bringing its total capital raised to over 10 million dollars.

Investors

The round was led by Staircase Ventures, with additional participation from Pelorus VC and a group of Verafin founders.

SiftMed Use of Funds

SiftMed plans to use the capital to deepen the auditability and reporting features of its platform, expand its insurance-focused product and engineering teams, and grow its footprint among insurance carriers, independent medical examiners, and legal teams.

About SiftMed

Founded by CEO Holly Hill, SiftMed provides an AI platform designed to streamline the medical claim review process. The platform organizes, analyzes, and extracts key facts from complex medical records, providing insurance carriers and legal professionals with traceable and defensible insights.

Funding Details

Company Website: https://siftmed.ca

Company: SiftMed
Raised: Undisclosed
Funding Date: July 17, 2026
Lead Investor: Staircase Ventures
Additional Investors: Pelorus VC, Verafin founders
Company Website: https://siftmed.ca
Software Category: Insurance Technology
Source: https://www.siftmed.ca/post/siftmed-raises-new-funding-to-bring-trustworthy-ai-to-medical-claims