The Revenue Cycle Automation Journey | Candid Health
Candid Health secures $120M in Series D funding to fuel autonomous RCM
ABOUT US
We’re rebuilding the backbone of American healthcare
By automating and simplifying RCM, Candid helps providers focus more on care delivery and less on back office administration.
SUPPORTED BY WORLD CLASS INVESTORS
Let's get Candid
Healthcare billing is broken. We're fixing it!
Meet our leaders
Nick Perry
CEO & Co-founder
Doug Proctor
COO & Co-founder
Steve Yazicioglu
Head of Forward Engineering
Tingting Turski
Chief Financial Officer
Adam Borochoff
Head of Product
Jessie Headrick
Head of Design
Jason Rosenfeld
Head of Engineering
Al Stolz
Head of Customer Operations
Grace Romer
Head of People
Julius Taranto
General Counsel
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Our journey
2020
2021
2022
2023
2024
2025
2026
Opened San Francisco HQ office
Joined YC2020 and raised a seed round to kick start Candid Health
Built first product (an API); began working with customers
Launched v0 Rules Engine release
Gathered team for first company offsite (first time meeting in person since COVID-19) in Denver, CO
Introduced a UI
Onboarded 10 new customers; launched a dedicated onboarding team
Raised our Series A round, led by First Round Capital
Opened NYC & Denver offices
Surpassed 25 employees
Launched a “software only” offering and associated support
Ramped up product features including rules engine, queues, and more
Released first Patient Management System
Grew revenue nearly 250%
Raised $29 million Series B, led by 8VC
Signed first enterprise MSO as a customer
Surpassed >650K in monthly claim volume
Won MedTech Breakthrough Award as “Best RCM Solution”
Grew team to 130+ employees
Raise $120M Series D round, led by Sixth Street Growth
3X previous valuation in 18 months
190% year-over-year annual contracted run-rate revenue growth
180% year-over-year net dollar retention in 2025
Won 2026 MedTech Breakthrough Awards for “Best Use of Artificial Intelligence in Healthcare”
Great work gets noticed
MEANINGFUL CAREERS