Confido Health Raises $12.5 Mn To Automate Healthcare Administration With AI
US-based AI healthtech startup Confido Health has raised $12.5 Mn (about ₹119 Cr) in a Series A extension led by…
US-based AI healthtech startup Confido Health has successfully raised $12.5 Mn in a Series A extension, led by Z47. This brings the startup's total Series A funding to $22.5 Mn. Confido Health's CareOS platform integrates with over 50 healthcare systems, enabling providers to automate administrative tasks across their existing technology infrastructure.
The startup, founded in 2022 by Chetan Reddy and Vichar Shroff, primarily targets healthcare groups with multiple sites, often backed by private equity firms. Confido Health's AI agents have handled over one in 50 Americans' healthcare tasks, achieving a 15-fold growth since their last funding round. The AI handles administrative workflows with above 95% accuracy and has added operational capacity equivalent to three to five full-time employees within three months of deployment.
Patient satisfaction rates average 4.55 out of 5 across approximately one million tasks. Confido Health's investors include Justin Saks, who has joined the startup as an investor and board adviser.
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