Coral raises a $12.5M Series A led by Lightspeed and Z47 to automate prior authorisations, patient intake, and fax workflows for specialty healthcare providers.

TNW is a technology media company that covers the latest trends, news, and insights in the tech industry. With a focus on innovation, entrepreneurship, and digital culture, TNW offers resources for developers, startups, and tech enthusiasts. Developers can learn about emerging technologies, industry trends, and best practices through TNW's articles, podcasts, and events.

The Next Web

Coral, a New York AI startup, has raised $12.5M in a Series A led by Lightspeed and Z47 to automate administrative workflows for specialty healthcare providers. The platform connects to existing EHR systems, fax lines, and payer portals without requiring providers to change their workflows. Key capabilities include reading handwritten fax forms, processing prior authorisations, and completing patient intakes in under five minutes with 99.7% document accuracy. Founded in 2024, Coral has reached multiple millions in ARR in under a year, with some customers paying full contract value upfront due to immediate ROI. The company plans to expand into AI-powered voice/text follow-ups, a no-code workflow builder, and an operational intelligence co-pilot layer.

Coral raises $12.5M to automate healthcare’s administrative back office