Coral Secures $12.5 Million in Funding for Healthcare Automation Expansion
Coral has secured $12.5 million in funding from Z47 and Lightspeed to enhance its healthcare automation capabilities. The investment will facilitate the growth of its engineering team and domain expertise within the healthcare sector.
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Coral, a startup specializing in healthcare automation, has raised $12.5 million from Z47 and Lightspeed. The funding will support the scaling of its engineering resources and the hiring of experts in healthcare operations.
Initially focused on the durable medical equipment sector, Coral has expanded its services to infusion centers and specialty pharmacies. Its technology, which processes documents including handwritten faxes and insurance cards, achieves a 99.7% accuracy rate, significantly reducing intake times to under five minutes. This investment positions Coral to strengthen its market presence and improve operational efficiencies in healthcare administration.
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