@MollySOShea: BREAKING: Commure Hits a $7 Billion Valuation Announcing $70M in new funding led by General Catalyst, with Sequoia & Mo…
Summary
Commure announces $70M in new funding at a $7B valuation, led by General Catalyst with Sequoia and Morgan Stanley. The company has become one of the largest AI infrastructure platforms in healthcare, serving 500+ healthcare organizations with autonomous revenue cycle workflows.
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BREAKING: Commure Hits a $7 Billion Valuation
Announcing $70M in new funding led by General Catalyst, with Sequoia & Morgan Stanley
Total funding to date: $750M
Interview with CEO Tanay Tandon
@CommureOS is becoming one of the largest AI infrastructure platforms in healthcare: → 500+ healthcare organizations → 3,000+ sites of care → 200M+ patient encounters annually → Tens of billions (!!) in annual claims processed → 85%+ of revenue cycle work completed autonomously → ARR doubled 3 years in a row → 1,200 employees globally
Commure says its AI agents are automating documentation, coding, billing, denials, appeals, scheduling, & revenue cycle workflows across hospitals & physician groups.
P.S. Tanay (@tanay_tandon) started the company at 18.
“Point solutions are going to d*e.”
@sequoia @Alfred_Lin @generalcatalyst @htaneja
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Tanay Tandon, Co-Founder & CEO, Commure (01:03) The $70M R&D Sprint (03:45) Rockefeller’s funding playbook beats dilutive VC (05:42) Tokens killing SaaS margins (07:14) Going public is the plan (07:40) Automating healthcare’s back office (11:02) Scaling Commure’s engine (11:49) Partnering with Epic (13:06) Why healthcare point solutions will be d*ad in 3 years? (16:42) Learnings from the AWS-CIA deal (19:13) Going to zero rollouts overnight (22:23) Nuking malpractice premiums with AI (23:52) Winning HCA’s trust (26:27) Saving burned out doctors (28:24) Buying a bankrupt hospital (32:30) Ending healthcare interop (35:41) The viral hiring email ft. Alfred Lin (38:23) Acquiring for distribution (45:13) Free blood samples? (47:19) The Stanford hacker who became an enterprise sales rep (48:21) The cargo shorts fiasco (53:57) American healthcare isn’t broken (55:28) The agentic healthcare takeover
TANAY hahah
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