Candid Health raises $120 million at a 3x valuation
The automated billing platform reports 98% touchless claims.
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Some users reacted positively to Candid Health's $120M Series D for AI automation of healthcare admin costs while others expressed skepticism citing billions previously wasted on similar fixes.
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Some of the most competent Americans I know - superstars out of Palantir - are working hard to use their talent, our capital, and new innovation possible today with AI to speed up and bring down the cost of healthcare administration. Congrats on the amazing progress, guys 🇺🇸.
Congratulations to my friends Nick, Doug, and the entire Candid team on your $120M series D raise. At @8vc we lead both the seed and series B rounds and have invested in just about every opportunity between. We love Candid because they are the strongest team with the best product and most ambitious vision in this space. If you don’t believe me, then just ask a customer. There’s no reason we need to spend $1T a year on healthcare administration in the US, only to send patients bills 3 months after a visit. There’s no law of physics saying medical practice collections has to be a guessing game. There is plenty more nonsense to clean up in the months and years to come.
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When @nick_perry and @dougproctor left Palantir, they wanted to fix one of healthcare’s oldest problems: getting paid. They’re taking a data-first approach to fix revenue cycle management, which costs the US healthcare system $280B per year. Instead of slapping AI onto something already broken, they’re rebuilding it — unifying clinical, billing and provider data into a single model before layering in automation. Candid serves hundreds of US healthcare providers, and customers are seeing touchless claim rates above 98%, denial rates under 4% and 40% less manual work (all while claim volume grows). Today, they’re announcing a $120M Series D, a 3x valuation from when they raised their Series C last year. Congrats to Nick, Doug and the whole Candid team. Lots more to come.
Big news! Candid Health, the autonomous #RCM platform, has raised $120 million in Series D funding, led by Sixth Street Growth along with @oakhcft , @8vc and @ycombinator. Read more in @FortuneMagazine: https://fortune.com/2026/07/22/candid-health-raises-120-million-to-take-on-americas-280-billion-medical-billing-mess/
@JTLonsdale The Healthcare Industrial Complex is the beating heart of the progressive Democrat wing.
@JTLonsdale Hope for the best. But $100’s of billion have been burned trying to fix healthcare.
@JTLonsdale There's a way to get that 6% GDP print, and it's Palantir alumni.