Exclusive: RapidClaims In Talks To Raise $30 Mn From WestBridge Capital, Others

AI-powered SaaS startup RapidClaims is negotiating a potential $30 million funding round led by WestBridge Capital, with a target valuation of approximately $200 million, according to sources cited by Inc42. The round is anticipated to be RapidClaims' Series B financing, and existing investors Accel and Together Fund are expected to participate, the sources added.

RapidClaims, founded in 2023 by Dushyant Mishra, Abhinay Vyas, and Jot Sarup Singh, offers AI-driven revenue cycle management software designed to help healthcare providers automate medical coding, optimize clinical documentation, reduce insurance claim denials, and recover outstanding payments. The company primarily serves healthcare providers across the United States, addressing billing errors, rejected claims, and delays in reimbursements.

RapidClaims' offerings include RapidCode for medical coding, RapidVBC for clinical documentation and risk adjustment, and RapidRecovery for denied claim management, automated appeals, and underpayment detection. The platform integrates seamlessly with existing electronic health record systems of healthcare providers, including physician groups, hospitals, health systems, federally qualified health centers (FQHCs), and ambulatory surgery centers.

The startup is also developing inpatient coding capabilities in collaboration with design partners, extending its automation tools to hospital admission coding. RapidClaims raised $8 million in a Series A funding round led by Accel in April 2025, followed by participation from Together Fund. The company had previously secured $3 million in seed funding, which the startup allocated to expand its go-to-market efforts, enhance technology and product capabilities, and grow its sales and marketing team.

At that time, RapidClaims reported a sixfold increase in operations over a four-month period, serving a double-digit client base and aiming to broaden its reach among FQHCs, physician groups, outpatient facilities, and ambulatory surgery centers. The proposed funding comes at a time when investors are showing growing interest in startups focused on automating healthcare administration and insurance workflows.

In October, Confido Health secured $12.5 million in a Series A extension led by Z47, bringing its total Series A funding to $22.5 million. Confido Health develops AI agents for appointment scheduling, insurance verification, prescription refills, and payment collection. Meanwhile, Consint.AI raised ₹22 crore to expand internationally and develop its AI capabilities for fraud detection and claims processing.

Consint.AI's products streamline claims processing, digitize documents, and standardize healthcare records.