When was Apixio founded?

Apixio was founded in 2009 and raised its 1st funding round within a year of its incorporation.

Where is Apixio located?

Apixio is headquartered in San Mateo, United States.

How many employees does Apixio have?

As of Aug 31, 2026, the latest employee count at Apixio is 73.

Is Apixio a funded company?

Apixio is a funded company, having raised a total of $49.4M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 28, 2009.

When was the latest funding round of Apixio?

Apixio's latest funding was a $***** Series D round on Jul 31, 2018, with participation from 0 investor.

Where does Apixio rank among its competitors?

Apixio ranks 3rd amongst 78 active competitors, of which 12 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Keebler, which secured $16M in Apr, 2026.

Who are the top competitors of Apixio?

Apixio's top competitors include Codoxo, Centauri Health Solutions and RAAPID. Among them, Keebler secured the most recent funding round in April, 2026.

Apixio - 2026 Company Profile, Team, Funding & Competitors

Apixio is an acquired company based in San Mateo (United States), founded in 2009 by Shahin Hedayat and Shawn Dastmalchi. It operates as a Provider of data connectivity and exchange solutions for the healthcare industry. Apixio has raised $49.4M in funding from Bain Capital Ventures and SSM Partners. The company has 78 active competitors, including 12 funded and 16 that have exited. Its top competitors include companies like Codoxo, Centauri Health Solutions and RAAPID.

Company Details

Provider of data connectivity and exchange solutions for the healthcare industry. The company offers a platform and network designed to deliver solutions across the healthcare ecosystem. It facilitates health data retrieval, release of information, and real-world data connectivity. The business also provides linkage and privacy solutions, along with data transformation services.

Website: apixio.com
Social
Email ID: *****@apixio.com

Key Metrics

Founded Year

2009

Location

San Mateo, United States

Stage

Acquired

Total Funding

$49.4M in 8 rounds

Latest Funding Round

Series D, Jul 31, 2018, $*****

Investors

Bain Capital Ventures & 9 more

Ranked

3^rd among 78 active competitors

Employee Count

73 as on Aug 31, 2026

Similar Companies

Innovaccer & 513 more

Exit Details

Acquired by New Mountain Capital (Jun 14, 2023)

View Apixio's full profile

Apixio is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
APIXIO INC CIN: 800508223 , United States, Active	Dec 31, 1999	-	41 (As on Dec 31, 2015)	-

Apixio got acquired by New Mountain Capital on Jun 14, 2023.

Click here to take a look at Apixio's acquisition in detail

Apixio has raised a total funding of $49.4M over 8 rounds. Its first funding round was on Dec 28, 2009. Apixio has 10 institutional investors.

Here is the list of recent funding rounds of Apixio:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 31, 2018	3688449	Series D	8818509	9641337	9100501	7502775
May 24, 2016	5417194	Series D	3745692	1172075	8019059	First Analysis & 1 more
Jun 13, 2014	1546681	Series C	9267918	3248964	Bain Capital Ventures	6300943

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View details of Apixio's funding rounds and investors

The founders of Apixio are Shahin Hedayat and Shawn Dastmalchi.

Here are the details of Apixio's key team members:

Shahin Hedayat: Co-Founder & Chairman of Apixio.
Contact Info: 1 email address
Shawn Dastmalchi: Co-Founder & Board Member of Apixio and founder of 1 other company.

View details of Apixio's Founder profiles and Board Members

Apixio's employee count trend

Apixio has 73 employees as of Aug 26. Here is Apixio's employee count trend over the years:

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Top competitors of Apixio include Codoxo, Centauri Health Solutions and RAAPID. Here is the list of Top 10 competitors of Apixio, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Codoxo 2016, Atlanta (United States), Series C	AI-based platform for employee and individual healthcare planning	$75M	QED Investors, Spider Capital & 15 others	63/100
2nd	Centauri Health Solutions 2014, Phoenix (United States), Acquired	Provider of data management solutions for risk adjustment and quality-based revenue programs	$68.2M	Brookside Mezzanine Partners, Silversmith ... & 3 others	62/100
3rd	Apixio 2009, San Mateo (United States), Acquired	Provider of data connectivity and exchange solutions for the healthcare industry	$49.4M	SSM Partners, Valspring Capital & 8 others	59/100
4th	RAAPID 2021, Louisville (United States), Series A	Provider of AI-powered solutions for healthcare risk adjustment and medical coding	$6.7M	UPMC Enterprises, M12 & 1 others	54/100
5th	Semantix AI 2010, San Francisco (United States), Seed	Provides data governance solutions for all business areas	$170K	Y Combinator, Capital Innovators & 3 others	52/100
6th	Able Health 2015, San Francisco (United States), Acquired	Data-driven healthcare solutions improving clinical quality, patient safety, and efficiency	$4M	Mission and Market, American Startup Club ... & 6 others	50/100
7th	Keebler 2023, Durham (United States), Series A	AI-powered risk adjustment platform for clinical decision support	$22M	Flare Capital Partners, Sands Capital & 14 others	49/100
8th	Vatica Health 2011, Nashville (United States), Acquired	Cloud-based risk adjustment solution for providers	$1.66M	Frazier Healthcare Partners, Powered Health ... & 1 others	49/100
9th	ClosedLoop 2017, Austin (United States), Series B	Provider of an AI-based risk predictive platform for payers, providers & pharma	$48M	.406 Ventures, Greycroft & 13 others	49/100
10th	Advantmed 2005, Santa Ana (United States), Series A	Digital risk adjustment solutions for individuals and providers	-	Bison Capital, Oxeon Partners	48/100