When was LateralCare founded?

LateralCare was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is LateralCare located?

LateralCare is headquartered in Southlake, United States.

How many employees does LateralCare have?

As of Jun 30, 2026, the latest employee count at LateralCare is 12.

Is LateralCare a funded company?

LateralCare is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jul 10, 2024.

When was the latest funding round of LateralCare?

LateralCare's latest funding was a $***** Seed round on Jul 10, 2024, with participation from 0 investor.

Where does LateralCare rank among its competitors?

LateralCare ranks 88th amongst 381 active competitors, of which 76 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Adonis, which secured $40M in Mar, 2026.

Who are the top competitors of LateralCare?

LateralCare's top competitors include R1 RCM, GeBBS and Volantio. Among them, Adonis secured the most recent funding round in March, 2026.

LateralCare - 2026 Company Profile, Team, Funding & Competitors

Company Details

Platform offering revenue cycle management solutions for the healthcare industry. It provides streamlines data management by centralizing healthcare data by uses specialized large language models to enhance clinical coding accuracy and denials in RCM processes. Integrates generative AI for contextual insights, enabling swift and precise decision making.

Website: lateralcare.com
Email ID: *****@lateralcare.com

Key Metrics

Founded Year

2023

Location

Southlake, United States

Stage

Seed

Total Funding

$2.88M in 1 round

Latest Funding Round

Seed, Jul 10, 2024, $*****

Ranked

88^th among 381 active competitors

Employee Count

12 as on Jun 30, 2026

Similar Companies

R1 RCM & 457 more

View LateralCare's full profile

LateralCare has raised a total funding of $2.88M over 1 round.

Here is the list of recent funding rounds of LateralCare:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 10, 2024	1330429	Seed	3528510	8988255	7527539	5946655

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View details of LateralCare's funding rounds and investors

The founders of LateralCare is Sowri K. Scott Smith is the CEO of LateralCare.

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

Sowri K: Founder & CTO of LateralCare.
Scott Smith: CEO of LateralCare.
Contact Info: 1 email address

View details of LateralCare's Founder profiles and Board Members

LateralCare's employee count trend

LateralCare has 12 employees as of Jun 26. Here is LateralCare's employee count trend over the years:

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Top competitors of LateralCare include R1 RCM, GeBBS and Volantio. Here is the list of Top 10 competitors of LateralCare, ranked by Tracxn score:

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	-	Khosla Ventures, Ares Capital Corporation ... & 2 others	66/100
2nd	GeBBS 2005, East Haven (United States), Acquired	Provider of technology-enabled revenue cycle management and risk adjustment services for healthcare organizations	-	-	65/100
3rd	Volantio 2008, Atlanta (United States), Series A	AI-enabled inventory optimization and e-commerce solutions for airlines	$9.35M	Qantas, International Airlines Group & 10 others	64/100
4th	Adonis 2022, Manhattan (United States), Series C	Provider of revenue cycle management services for healthcare industry	$95M	General Catalyst, Point72 Ventures & 12 others	64/100
5th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Avista Healthcare Partners ... & 5 others	63/100
6th	Leapfin 2015, San Mateo (United States), Acquired	Cloud-based revenue analytics & management solutions for businesses	$26.7M	Crosslink Capital, Bowery Capital & 8 others	62/100
7th	Janus AI 2020, Chicago (United States), Series B	AI and SaaS-based revenue cycle management tool for healthcare providers	$64M	Enhanced Healthcare Partners, Ensemble Health Partners ... & 3 others	62/100
8th	Infinx 2010, San Francisco (United States), Seed	Provider of platform for revenue cycle management	-	Norwest, KKR	60/100
9th	Plusgrade 2009, New York City (United States), Series B	Provider of ancillary revenue solutions and loyalty program enhancement technologies	$151M	General Atlantic, TA & 2 others	60/100
10th	Waystar 2000, Duluth (United States), Public	AI-powered healthcare revenue cycle management solutions for financial and operational success	-	Francisco Partners, Columbia Partners & 2 others	59/100
88th	LateralCare 2023, Southlake (United States), Seed	Platform offering revenue cycle management solutions for the healthcare industry	$2.88M	-	31/100