CODAMETRIX - About the company
CODAMETRIX is a series B company based in Boston (United States), founded in 2018 by Robert Couture. 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, with a current valuation of $*****. The company has 441 active competitors, including 64 funded and 26 that have exited. Its top competitors include companies like RapidClaims, Fathom and Comulate.
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
Post Money Valuation
$***** as on Apr 16, 2025
Investors
Ranked
22nd among 441 active competitors
Employee Count
107 as on Oct 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 | Reports |
|---|---|---|---|---|
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 | 9351233 | Series B | 3657508 | 1294235 | 4889697 | 2369891 |
Feb 29, 2024 | 7343045 | Series B | 1093004 | 2643478 | 1433091 | |
Dec 16, 2022 | 1308919 | Series A | 3098652 | 3683983 |
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CODAMETRIX's founders and board of directors
Founder? Claim ProfileThe founders of CODAMETRIX is Robert Couture. Hamid Tabatabaie is the CEO of CODAMETRIX.
Here are the details of CODAMETRIX's key team members:
- Robert Couture: Co-Founder/Partner of CODAMETRIX.
CODAMETRIX's Board of Directors
CODAMETRIX's board has 12 active members. Todd Cozzens, Keith Kerman, Gaye Bok, Hamid Tabatabaie, Kevin Schmitt, Roger Kitterman, Tara Bradley, Mark Pottle, Jay Aslam, Akhilesh Samant, Peter Markell 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 6m | |
w{ehjzt | Independent board member | - | Current | 6y 5m |
{xqcpzj | Independent board member | - | Current | 3y 3m |
wugbgpf | Independent board member | - | Current | 2y 6m |
lnzvchh | Independent board member | - | Current | 3y 3m |
dffraye | Independent board member | - | Current | 7y 2m |
dlpitil | Independent board member | - | Current | 3y 8m |
yswzmuq | Independent board member | - | Current | 5y 3m |
wshlnap | Independent board member | - | Current | 9y 6m |
gfgn{qh | Independent board member | - | Current | 8y 6m |
uqnidgv | Independent board member | - | Current | 4y 5m |
xmxqoyc | Independent board member | - | Current | 9y 7m |
View details of CODAMETRIX's Founder profiles and Board Members
CODAMETRIX's employee count trend
CODAMETRIX has 107 employees as of Oct 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 RapidClaims, Fathom and Comulate. 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 | RapidClaims 2023, Manhattan (United States), Series A | Provider of AI-powered platform for revenue cycle management and intelligence | $11.1M | 65/100 | |
2nd |  Fathom 2017, San Francisco (United States), Series B | Provider of autonomous medical coding platform and related coding services | $61M | 64/100 | |
3rd |  Comulate 2022, San Francisco (United States), Series B | Revenue automation and intelligence platform for brokers | $20M | 63/100 | |
4th |  Leapfin 2015, San Mateo (United States), Acquired | Cloud-based revenue analytics & management solutions for businesses | $26.7M | 62/100 | |
5th | Charta Health 2023, San Francisco (United States), Series A | Provider of AI-based pre-bill review solutions for hospitals and healthcare providers | $30.1M | 60/100 | |
6th | Plusgrade 2009, New York City (United States), Series B | Provider of ancillary revenue solutions and loyalty program enhancement technologies | $151M | 60/100 | |
7th |  Adonis 2022, Manhattan (United States), Series C | Provider of revenue cycle management services for healthcare industry | $95M | 58/100 | |
8th |  Inbox Health 2014, New Haven (United States), Series B | Cloud-based medical billing and payment management solution for healthcare companies | $68.4M | 58/100 | |
9th | Arintra 2020, Austin (United States), Series B | AI powered autonomous medical coding solution for hospitals | $46.5M | 58/100 | |
10th | Health Payment Systems 2005, Milwaukee (United States), Series A | Provider of an all-in-one statement and payment solution for healthcare billing | $27M | 54/100 | |
22nd |  CODAMETRIX 2018, Boston (United States), Series B | Provider of AI-based medical coding software for healthcare professionals | $109M | 46/100 |
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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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CodaMetrix has filed a notice of an exempt offering of securities to raise $57,394,508.00 in New Equity Investment.intelligence360•Mar 28, 2023•CODAMETRIX
•
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
•
CodaMetrix Expands Leadership Team to Drive Commercialization of Autonomous Medical Coding SolutionBusiness Wire•Sep 27, 2022•CODAMETRIX
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