TLDR: Predoc, a New York-based startup, has successfully raised $30 million in combined seed and Series A funding. This capital infusion, led by Base10 Partners, will accelerate the development and expansion of its AI-powered platform, which aims to automate medical record retrieval, classification, and analysis, thereby streamlining health information management workflows and improving patient care.
New York, NY – Predoc, an innovative AI-driven health information management company, has announced the successful closure of a $30 million funding round, encompassing both seed and Series A investments. The significant capital injection is poised to propel the company’s mission to transform the fragmented landscape of healthcare data through intelligent automation.
The funding round was spearheaded by Base10 Partners, a venture capital firm known for investing in companies that apply automation to traditional sectors. Additional participation came from notable investors including Northzone, ENIAC Ventures, and Entrepreneurs Roundtable Accelerator (ERA). The seed funding also saw contributions from prominent angel investors, including the founders of Flatiron Health, Travis May (founder of Datavant), Demetri Karagas and Steven Gutentag (co-founders of Thirty Madison), and Bill Murphy (former CTO of Blackstone).
Founded in 2022 by Nishant Hari, Dr. Kaushal Kulkarni, Dr. Priya Mehta, and Alex Daniels, Predoc is tackling the inefficiencies of manual health information management. The company’s AI-native platform is designed to connect and organize the nation’s healthcare data, eliminating the cumbersome process of faxing medical records and offering a fully managed service that leverages artificial intelligence to handle these critical workflows. The platform automates medical record retrieval, classification, and analysis, transforming diverse clinical data formats, including faxed PDFs, into digestible clinical insights.
Predoc’s impact is already evident, with reported improvements in healthcare operations. For providers who have adopted the solution, the platform has reportedly sped up record retrieval by 80% and reduced the time spent on chart review by 70%, all while operating at a cost 50% less than legacy systems. The company has experienced a remarkable 700% year-over-year increase in revenue. A key customer, The Oncology Institute, has seen a 75% reduction in record retrieval turnaround time, a critical improvement for patients navigating life-changing diagnoses.
In a statement, Predoc emphasized its core objective: “Our mission is to connect and organize the nation’s healthcare data. With this funding, we will make a material step towards accomplishing that mission, allowing clinicians to focus on their core purpose — to improve human health.” Base10 Partners echoed this sentiment, stating, “Today we’re welcoming Nish Hari, Kaushal Kulkarni, M.D., and the entire Predoc team to the Base10 family as they transform the way we handle healthcare data.”
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The newly secured funds will be strategically deployed to expand Predoc’s reach into additional health information management workflows and to onboard new enterprise healthcare organizations. Currently, Predoc serves 35 customers, including top oncology groups, research networks, and virtual care providers, demonstrating its growing footprint in the healthcare technology sector. The company aims to set a new standard in healthcare, meeting the demand from professionals for the same ease of use and intelligence found in consumer tools.
