CODAMETRIX - About the company
CODAMETRIX is a series B company based in Boston (United States), founded in 2018. It operates as a Provider of AI-based medical coding software for healthcare professionals. CODAMETRIX has raised $109M in funding from SignalFire and Transformation Capital. The company has 412 active competitors, including 79 funded and 25 that have exited. Its top competitors include companies like R1 RCM, RateGain and RapidClaims.
Company Details
Provider of AI-based medical coding software for healthcare professionals. The company has developed a cloud-based platform for medical organizations and professionals to assists with autonomous coding. The platform provides clinical workflow optimization and management tools and AI-enabled medical history translators for automated reimbursements.
- Website
- www.codametrix.com/
- Email ID
- *****@codametrix.com
- Phone Number
- +1 **********
- Registered Address
- Boston, Massachusetts
Key Metrics
Founded Year
2018
Location
Boston, United States
Stage
Series B
Total Funding
$109M in 3 rounds
Latest Funding Round
Investors
Ranked
33rd among 412 active competitors
Employee Count
132 as on Mar 31, 2026
Legal entities associated with CODAMETRIX
CODAMETRIX is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CodaMetrix, Inc CIN: 82-3924135 , United States, Active | Dec 31, 2017 | - | 103 (As on Dec 31, 2023) | - |
CODAMETRIX LLC CIN: 823924135 , United States, Active | Dec 26, 999 | - | 87 (As on Dec 31, 2022) | - |
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CODAMETRIX's funding and investors
CODAMETRIX has raised a total funding of $109M over 3 rounds. Its first funding round was on Dec 16, 2022. CODAMETRIX has 7 institutional investors.
Here is the list of recent funding rounds of CODAMETRIX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 16, 2025 | 9160321 | Series B | 5028115 | 7860849 | 1450194 | 6694580 |
Feb 29, 2024 | 6250343 | Series B | 2112156 | 1438827 | 6808369 | |
Dec 16, 2022 | 8606956 | Series A | 6296763 | 2728625 |
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CODAMETRIX's founders and board of directors
Founder? Claim ProfileHere are the details of CODAMETRIX's key team members:
CODAMETRIX's Board of Directors
CODAMETRIX's board has 12 active members. Todd Cozzens, Roger Kitterman, Keith Kerman, Gaye Bok, Hamid Tabatabaie, Kevin Schmitt, Mark Pottle, Jay Aslam, Peter Markell, Tara Bradley, Akhilesh Samant and Jim Whelan are independent board members.Here is the list of CODAMETRIX's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 2y 0m | |
gdllvyt | Independent board member | - | Current | 7y 1m |
ejmxlhx | Independent board member | - | Current | 4y 1m |
eegqtzk | Independent board member | - | Current | 3y 5m |
maxclxl | Independent board member | - | Current | 1y 5m |
grbixy{ | Independent board member | - | Current | 2y 3m |
ptdnyxh | Independent board member | - | Current | 1y 7m |
ur{oxel | Independent board member | - | Current | 8y 2m |
omsgvtc | Independent board member | - | Current | 3y 4m |
nmx{nuq | Independent board member | - | Current | 2y 4m |
thggt{u | Independent board member | - | Current | 6y 6m |
yxuvjve | Independent board member | - | Current | 7y 8m |
View details of CODAMETRIX's Founder profiles and Board Members
CODAMETRIX's employee count trend
CODAMETRIX has 132 employees as of Mar 26. Here is CODAMETRIX's employee count trend over the years:
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CODAMETRIX's Competitors and alternates
Top competitors of CODAMETRIX include R1 RCM, RateGain and RapidClaims. Here is the list of Top 10 competitors of CODAMETRIX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  R1 RCM 2003, Chicago (United States), Acquired | Provider of AI-driven solutions for healthcare revenue cycle management and operations | - | 69/100 | |
2nd | RateGain 2004, London (United Kingdom), Public | SaaS-driven revenue and operations management solution provider for the hospitality industry | $64.9M | 69/100 | |
3rd | RapidClaims 2023, Manhattan (United States), Series A | Provider of AI-powered platform for revenue cycle management and intelligence | $11.1M | 66/100 | |
4th | Volantio 2008, Atlanta (United States), Series A | AI-enabled inventory optimization and e-commerce solutions for airlines | $9.35M | 65/100 | |
5th |  Adonis 2022, Manhattan (United States), Series C | Provider of revenue cycle management services for healthcare industry | $95M | 64/100 | |
6th | Zentist 2015, San Francisco (United States), Series C | Provider of billing solutions for dentists | $14M | 62/100 | |
7th |  Arintra 2020, Austin (United States), Series A | AI powered autonomous medical coding solution for hospitals | $21.5M | 62/100 | |
8th |  Janus AI 2020, Chicago (United States), Series B | AI and SaaS-based revenue cycle management tool for healthcare providers | $64M | 61/100 | |
9th | AKASA 2018, San Francisco (United States), Series B | Provider of revenue cycle automation platform for healthcare | $85M | 61/100 | |
10th |  Infinx 2010, San Francisco (United States), Seed | Provider of platform for revenue cycle management | - | 61/100 | |
33rd |  CODAMETRIX 2018, Boston (United States), Series B | Provider of AI-based medical coding software for healthcare professionals | $109M | 50/100 |
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CODAMETRIX's Investments and acquisitions
CODAMETRIX has made no investments or acquisitions yet.
Reports related to CODAMETRIX
Here is the latest report on CODAMETRIX's sector:
News related to CODAMETRIX
•
CodaMetrix’s AI Platform Now Available in Epic Toolbox to Transform $20B Medical Coding SectorBusiness Wire•Aug 16, 2024•CODAMETRIX, Epicshops
•
•
CodaMetrix Announces $40M Series B Financing to Advance Medical Coding Quality and Clinically Enrich Claims Data Through AIintelligence360•Mar 13, 2024•CODAMETRIX, Transformation Capital, SignalFire, Frist Cressey Ventures and 2 others
•
GE and CodaMetrix Partner to Bolster AI-Powered Automated Coding for ProvidersHIT Consultant•Nov 21, 2023•CODAMETRIX, GE Healthcare
•
CodaMetrix Autonomous Bedside Pro Medical Coding Launches with Henry Ford HealthAiThority•May 19, 2023•CODAMETRIX
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Health Systems Invest in Revenue Cycle Management Vendor CodaMetrixHealthcare Innovation•Mar 01, 2023•CODAMETRIX, SignalFire, Frist Cressey Ventures, Martin Ventures and 2 others
•
CodaMetrix Closes $55M Series A FundingFinSMEs•Feb 28, 2023•CODAMETRIX, SignalFire, Frist Cressey Ventures, Martin Ventures and 3 others
•
The Bowdoin Group Assists CodaMetrix in Recruitment of Chief Revenue OfficerHunt Scanlon•Oct 11, 2022•CODAMETRIX
•
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