Commure Hits $7B Backed by GC, Sequoia, Morgan Stanley

About this episode

Tanay Tandon discusses Commure's recent funding round and the company's impact on healthcare technology.

Tanay Tandon, Co-Founder and CEO of Commure, joins Sourcery to break down the company's new $70M round at a $7B post-money valuation, led by General Catalyst with participation from Sequoia Capital, Morgan Stanley, and Kirkland & Ellis. With $750M raised to date, Commure now runs inside 500+ healthcare organizations, 3,000+ sites of care, and processes tens of billions of dollars in annual claims — with 85%+ of revenue cycle work completed without a human in the loop. Tanay started the company at 18 out of his Stanford dorm room. Today, Commure has 1,200 employees across seven offices, supports 200M+ patient encounters a year, and has doubled ARR three years in a row. We get into the round, the use of General Catalyst's Customer Value Fund (CVF) for non-dilutive growth capital, why he believes point solutions will be wiped out, the Augmedix acquisition, the Summa Health partnership in Akron, the JPM flip-flops story, and his IPO plans. Topics covered: • The $70M / $7B round and why he didn't need the capital • CVF and non-dilutive financing for go-to-market • Building an AI-native OS for healthcare • HCA, Tenet, Epic, and Meditech partnerships • Why platforms beat point…

People in this episode

Host: Molly O’Shea

Guest: Tanay Tandon

Topics covered

• healthcare technology
• funding rounds
• AI in healthcare
• revenue cycle management
• IPO plans
• partnerships
• non-dilutive financing

Keywords

• Commure
• funding
• healthcare
• AI
• revenue cycle
• IPO
• partnerships
• General Catalyst
• Sequoia
• Morgan Stanley

Mentioned in this episode

Organizations: Commure, General Catalyst, Sequoia Capital, Morgan Stanley, Kirkland & Ellis, HCA, Tenet, Epic, Meditech, Augmedix

Places: Akron

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