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Coral Raises $12.5 Million In Funding Round Led By Lightspeed And Z47

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Coral Raises $12.5 Million In Funding Round Led By Lightspeed And Z47

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Summary

Transaction Type:Sale

Coral, a New York-based AI startup, has raised $12.5 million in a funding round led by Lightspeed and Z47 to enhance its platform that automates administrative workflows for specialty healthcare providers.

Summary of transaction details:

  • Deal Type: Funding Round
  • Transaction Amount: $12,500,000
  • Company: Coral
  • Founders: Ajay Shrihari & Aniket Mohanty
  • Headquarters: New York
  • Investors: Lightspeed & Z47

Founded in 2024 by AI scientists Ajay Shrihari and Aniket Mohanty, Coral integrates its AI agents directly into existing electronic health record systems, fax lines, and payer portals, facilitating tasks such as patient intake and billing to streamline operations for healthcare organizations.

Details

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IMAGE: a New York–based AI startup founded in 2024 by AI scientists Ajay Shrihari and Aniket Mohanty, has raised $12.5 million in a funding round led by Lightspeed and Z47. The company builds AI agents that automate administrative workflows for specialty healthcare providers by integrating directly into existing electronic health record systems, fax lines, and payer portals rather than replacing them. Its platform handles tasks such as patient intake, prior authorizations, billing, and document processing, helping reduce intake times significantly while improving document processing accuracy. The new funding will support Coral’s continued expansion as it scales adoption across healthcare organizations aiming to reduce the industry’s heavy administrative burden. FOUNDERS: Ajay Shrihari & Aniket Mohanty INVESTORS: Lightspeed & Z47 AMOUNT: $12,500,000 HQ: New York

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