Thoughtful AI, an Austin, Texas-based AI-powered revenue cycle automation company, has secured $20 million in Series A funding.

The company also launched its fully human-capable AI Agents specializing in healthcare revenue cycle management (RCM).

Investors

The round was led by Nick Solaro of Drive Capital, with participation from TriplePoint Capital. 

Thoughtful AI Use of Funds 

The company will use the funding to drive R&D, advance RCM AI products, hire top tech talent, and expand market operations. 

About Thoughtful AI 

Thoughtful AI provides business automation solutions designed for mid-market healthcare companies. Its intelligent automation technology and cloud-based digital management platform offer everything middle-market businesses need to customize, implement, continuously monitor, and optimize AI Agents. Thoughtful AI utilizes cutting-edge technologies, including large language models (LLMs), natural language processing (NLP), optical character recognition (OCR), and robotic process automation (RPA), to create AI Agents capable of performing complex RCM tasks. 

Funding Details  

Company: Thoughtful Automation Inc.  

Raised: $20.0M  

Round: Series A  

Funding Month: July 2024  

Lead Investors: Nick Solaro  

Additional Investors: TriplePoint Capital  

Company Website: https://www.thoughtful.ai/   

Software Category: Healthcare Revenue Cycle Automation  

Source: https://www.businesswire.com/news/home/20240716834123/en