Prosper AI raises US$30m from Andreessen Horowitz to scale AI platform

Prosper AI has today announced a US$30 million Series A financing led by Andreessen Horowitz (“a16z”), with participation from Base10 and continued support from Emergence Capital, Y Combinator, and Company Ventures.

With the new funding, Prosper AI will expand its engineering and customer-facing teams, deepen integrations across the largest EHR platforms, and accelerate adoption across provider groups and health systems.

“Healthcare providers don’t want separate tools for scheduling, insurance verification, and billing,” said Xavier de Gracia, co-founder and co-CEO of Prosper AI.

“They want a single platform capable of managing the workflows that determine whether care happens and whether providers ultimately get paid.

“That’s what we’ve built, and it’s why providers, health systems, and healthcare technology companies are choosing Prosper AI.”

Over time, Prosper AI aims to build the AI workforce that powers healthcare’s administrative engine, eliminating waste, expanding access to care, and enabling providers to focus more of their time on patients.

The financing follows a period of rapid adoption and market acceleration.

Since its last funding announcement six months ago, Prosper AI has grown revenue 5x, added more than 40 healthcare organisations as customers, expanded across more than 150,000 healthcare providers, and become the platform powering more than $1.3 billion in patient care.

Today, Prosper AI wins 80 per cent of competitive evaluations.

“AI should make healthcare infinitely accessible,” said Jay Rughani, partner at Andreessen Horowitz.

Prosper AI stood out because of the scope of their ambition: they want to eliminate every administrative friction point between a patient and the care they need.

“What convinced us was the pattern we kept hearing from customers — providers would deploy Prosper AI for scheduling, then quickly ask them to take on insurance verification, then billing, and so on.

“That pull-through only happens when your technology can consistently guide patients through the care journey end-to-end.

“It’s no surprise Prosper AI is winning the vast majority of competitive evaluations they enter.”