YC-backed Taxo raises $5M to slash healthcare admin with its AI ‘reasoning engine’

Here’s the summary of the information based on the provided content:

Startup Information

• Startup Name: Taxo
• Founder: Dr. Ahmed Kerwan
• Location: San Francisco
• Product: App for tasks like prior authorizations, patient intake, and medical billing.

Technology

• Unique Feature: AI “reasoning engine” that explains decision processes to users.

Financial Information

• Funding Round: Seed Round
• Amount Raised: $5 million
• Investors:
  • Y Combinator
  • General Catalyst
  • Character Capital
• Date of Fundraise: Recent (exact date not specified)

Business Performance

• ARR: Passed $1 million six months after launch.
• Number of Customers: Approximately 15, including clinics and government providers.

Context

• Industry: Healthcare tech using AI to reduce administrative burdens.
• Trend: Reasoning models in AI gaining traction.

Additional Events

• Event: TechCrunch Sessions AI
• Location: Berkeley, CA
• Date: June 5

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2025-03-28 14:07:11