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

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.