US-based AI healthtech startup Confido Health raised $12.5 million in a Series A extension led by Z47, bringing its total Series A funding to $22.5 million, the company announced this week. Existing investors Together Fund and Blume Ventures also participated. Healthcare private equity investor Justin Saks joined as an investor and board adviser. The startup plans to use the funds to expand its CareOS platform and develop AI agents for additional healthcare workflows and specialties, according to inc42.com.
Founded in 2022 by Chetan Reddy and Vichar Shroff, Confido Health builds AI agents that automate administrative tasks for healthcare providers. Its CareOS platform integrates with over 50 healthcare systems, including electronic health records, practice management software, and billing platforms. This integration allows providers to automate tasks such as patient calls, appointment scheduling, insurance verification, prescription refills, and payment collection without replacing existing technology infrastructure, inc42.com reported.
Confido Health initially focused on voice AI for patient calls before broadening its platform to automate a range of administrative workflows. The platform connects related tasks so that a patient interaction can trigger follow-up actions like scheduling appointments or processing prescriptions. The startup targets healthcare groups operating across multiple sites, aiming to streamline administrative burdens and improve operational efficiency, according to inc42.com.
The latest funding round led by Z47 and participation from existing investors will support Confido Health’s expansion of its CareOS platform across healthcare organizations with multiple locations. The company also plans to develop AI agents for new medical specialties and workflows. Justin Saks’ addition as a board adviser brings healthcare private equity expertise to the startup’s growth strategy, inc42.com stated.