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Anterior , a fellowship that uses AI to hasten health insurance blessing for aesculapian procedures , has raised a $ 20 million Series A round at a $ 95 million post - money valuation led by NEA , grant to two people familiar with the deal . Existing investor Sequoia , which conduct Anterior’s$3.2 million germ round last September , andNeo , an gun that helped the troupe found in the summer of 2022 , also participated in the Series A funding .
The round also include a host of Angel Falls investor , including Mustafa Suleyman , a DeepMind and Inflection AI atomic number 27 - founder who was hired by Microsoft in March to direct thetech giant ’s consumer AI division .
NEA and Anterior did n’t directly reply to a request for comment .
Anterior , formerly known as Co : Helm , was co - constitute by Abdel Mahmoud , a former doctor who left medicine to prosecute a master ’s degree in computer skill and a vocation in technical school after he grew frustrated with the amount of time he pass on administrative functions rather than with patients .
The company has built an LLM - power co - pilot that helps nurses and MD save 60 minutes on gathering aesculapian documentation want by indemnity . Anterior ’s root point to cut denial rate and accelerate patient admission to care .
While Anterior ’s initial offering is in anterior mandate automation , the company eventually design to expand into other medical administrative purpose .
Mohamad Makhzoumi , managing general partner on NEA ’s health care squad and co - chief operating officer of the firm , connect Anterior ’s board . Makhzoumi ’s investments let in Tempus , a genomic testing and datum analytic thinking company founded byGroupon founder Eric Lefkofsky , which is plan to IPO next hebdomad at a valuationof up to $ 6.1 billion . Makhzoumi also backed Xaira , an AI drug discovery startup that launched this yearwith $ 1 billion in funding .
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Anterior competes with Cohere Health , another supplier of anterior authorization automation , which raised a $ 50 million troll in February led byDeerfield Management , with involvement fromDefine Ventures , Flare Capital Partners , Longitude CapitalandPolaris Partners , bringing the five - year - old party ’s total funding to $ 106 million .
