SmarterDx Secures $50 Million Series B Funding, Total Funding Reaches $71 Million

May 14, 2024, 02:22 PM

SmarterDx, an AI startup specializing in clinical review and quality audits for medical claims, has closed a $50 million Series B funding round. This funding round was led by Transform Capital, with continued support from Bessemer Venture Partners, Flare Capital, Floodgate Fund, and Virtue VC. The new investment brings SmarterDx's total funding to $71 million. The company's growth trajectory has been remarkable, with a previous $5 million Seed round in 2022. SmarterDx's clinical AI is designed to increase hospital revenues through improved clinical documentation integrity (CDI) and quality reporting.