CodaMetrix Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Private

  • Employees
  • 150

Employees

  • Latest Deal Type
  • Series B

  • Latest Deal Amount
  • $40M

  • Investors
  • 8

CodaMetrix General Information

Description

Developer of an artificial intelligence (AI) powered platform designed to automate the coding cases that pass through health systems radiology, pathology, glycemic index, and inpatient departments. The company's platform leverages AI in the form of machine learning, deep learning, and natural language processing to continuously learn from and act upon the clinical evidence in the electronic health record, it recommends a worthy code based on its library of data points from national health systems and translates clinical notes into billing and diagnostic codes to satisfy coding requirements to reduce human coding workload, enabling clinicians to improve efficiency and optimize the quality of medical coding.

Contact Information

Website
www.codametrix.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 399 Boylston Street
  • Suite 700
  • Boston, MA 02116
  • United States
+1 (857)
Primary Industry
Other Healthcare Technology Systems
Vertical(s)
Big Data, Artificial Intelligence & Machine Learning, HealthTech, Life Sciences
Corporate Office
  • 399 Boylston Street
  • Suite 700
  • Boston, MA 02116
  • United States
+1 (857)

CodaMetrix Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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CodaMetrix Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
2. Later Stage VC (Series B) 12-Mar-2024 $40M Completed Generating Revenue
1. Early Stage VC (Series A) 27-Feb-2023 Completed Generating Revenue
To view CodaMetrix’s complete valuation and funding history, request access »

CodaMetrix Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B
Series A-2
Series A-1 16,551,329 $0.000100 6% $2.28 $2.28 1x $2.28 25.68%
To view CodaMetrix’s complete cap table history, request access »

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CodaMetrix Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an artificial intelligence (AI) powered platform designed to automate the coding cases that pass through he
Other Healthcare Technology Systems
Boston, MA
150 As of 2025

San Francisco, CA
 

Tel Aviv, Israel
 
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CodaMetrix Competitors (6)

One of CodaMetrix’s 6 competitors is Fathom (Healthcare Technology Systems), a Venture Capital-Backed company based in San Francisco, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Fathom (Healthcare Technology Systems) Venture Capital-Backed San Francisco, CA
Maverick Medical AI Venture Capital-Backed Tel Aviv, Israel
Aideo Technologies Private Equity-Backed Palm Beach, FL
Pager Venture Capital-Backed New York, NY
HealthTap Venture Capital-Backed Sunnyvale, CA
To view CodaMetrix’s complete competitors history, request access »

CodaMetrix Signals

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Size Multiple

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CodaMetrix Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Transformation Capital Growth/Expansion Minority
CU Healthcare Innovation Fund Corporate Venture Capital Minority
Frist Cressey Ventures Venture Capital Minority
Martin Ventures Venture Capital Minority
Mass General Brigham Corporation Minority
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CodaMetrix FAQs

  • When was CodaMetrix founded?

    CodaMetrix was founded in 2019.

  • Where is CodaMetrix headquartered?

    CodaMetrix is headquartered in Boston, MA.

  • What is the size of CodaMetrix?

    CodaMetrix has 150 total employees.

  • What industry is CodaMetrix in?

    CodaMetrix’s primary industry is Other Healthcare Technology Systems.

  • Is CodaMetrix a private or public company?

    CodaMetrix is a Private company.

  • What is the current valuation of CodaMetrix?

    The current valuation of CodaMetrix is .

  • What is CodaMetrix’s current revenue?

    The current revenue for CodaMetrix is .

  • How much funding has CodaMetrix raised over time?

    CodaMetrix has raised $97.4M.

  • Who are CodaMetrix’s investors?

    Transformation Capital, CU Healthcare Innovation Fund, Frist Cressey Ventures, Martin Ventures, and Mass General Brigham are 5 of 8 investors who have invested in CodaMetrix.

  • Who are CodaMetrix’s competitors?

    Fathom (Healthcare Technology Systems), Maverick Medical AI, Aideo Technologies, Pager, and HealthTap are some of the 6 competitors of CodaMetrix.

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