COMPANY INFO
SmarterDx is the actual company name. It was founded in 2019 by Michael Gao, MD (Co-founder & CEO) and Joshua Geleris, MD (Co-founder and Head of Product and Data Science). The company has between 51-200 employees and is headquartered in New York, NY. SmarterDx operates in the Hospitals and Health Care industry, specializing in clinical AI solutions that help hospitals achieve 100% chart accuracy for revenue integrity, enabling them to recover millions in earned revenue and improve quality of care scores. Their technology transforms data and understands clinical reasoning with proprietary AI to optimize patient records and healthcare system efficiency. The official website is https://www.smarterdx.com/.
Smarter Dx, Inc. is a leading clinical AI company founded in 2020 and headquartered in New York, NY. Established by Michael Gao, MD, and Joshua Geleris, MD, SmarterDx operates in the Hospitals and Health Care industry, focusing on developing AI solutions that ensure 100% chart accuracy for hospital revenue integrity and improve the quality of care scores. With over 100 employees, SmarterDx leverages proprietary artificial intelligence to optimize patient records, transform data, and enhance operational efficiency for healthcare systems across the United States.
Smarter Dx, Inc. funding history demonstrates a robust trajectory in healthcare technology investment, with a total of $71 million raised across three main funding rounds. The company’s funding strategy has focused on developing cutting-edge technology, accelerating market expansion, and strategically scaling via industry partnerships and platform growth. Key milestones include a $50 million Series B round in 2024 and subsequent private equity investment, reflecting confidence from major healthcare investors and venture capital firms in SmarterDx’s clinical AI platform and market potential.
This strategic growth investment from New Mountain Capital is designed to support ongoing product innovation and enable SmarterDx to scale through the Smarter Technologies platform. The funding round valued the company at $1 billion and positions SmarterDx for accelerated expansion in the healthcare AI landscape.
The Series B funding round, led by Transformation Capital, provided $50 million to drive product innovation and expand market presence. The capital is intended for further development of SmarterDx’s hospital revenue integrity solutions and to support increased adoption across health systems.
The seed round raised $5.97 million to develop SmarterDx’s AI-enabled clinical chart review technologies and help the company secure its first hospital contracts. This early-stage investment laid the groundwork for product development and initial deployment.
Transformation Capital served as the lead investor for the Series B funding round, contributing significantly to SmarterDx’s $50 million raise in 2024. The firm’s backing has been instrumental in accelerating the company’s product innovation and supporting expansion strategies.
New Mountain Capital led the private equity round, investing in SmarterDx to boost growth and development via the Smarter Technologies platform. Their strategic involvement values the company at $1 billion and offers expanded resources for continued innovation.
As a key healthcare venture capital firm, Bessemer Venture Partners has contributed to SmarterDx funding rounds, leveraging their sector expertise to support scaling efforts and long-term strategy.
Floodgate Fund participated in the seed round, seeding SmarterDx’s clinical AI advancements and supplying early-stage capital to fuel technology development and pilot programs in hospitals.
Flare Capital Partners co-led the seed round, investing in SmarterDx’s vision to transform hospital revenue integrity through AI-driven chart review, supporting the company’s entry into the healthcare market.
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