Accel to lead $100M for healthcare AI Tandem at unicorn level — TFN

Tandem Expertise, a healthcare AI startup backed by General Catalyst, is nearing a valuation of $1 billion, in line with a report. The New York–primarily based firm is claimed to be elevating $100 million in a brand new funding spherical led by Accel.

The deal has not but been publicly introduced, and the corporate didn’t reply to requests for remark.

The startup has beforehand raised about $137 million. Its current traders embody Thrive Capital and Basic Catalyst, which led Tandem’s $30 million Collection A spherical in 2024.

Automating one in every of healthcare’s greatest bottlenecks

Tandem, based by Sahir Jaggi, builds software program to simplify prescription processing within the US healthcare system. Its know-how focuses on automating duties equivalent to prior authorisations and pharmacy routing, areas which can be typically sluggish, guide, and dear.

Its instruments are supplied for gratis to healthcare suppliers or sufferers. Past prescription workflows, the US firm plans to work extra carefully with biopharma corporations to speed up drug growth.

The corporate expects its platform to achieve hundreds of thousands of sufferers in 2026, although it has not disclosed particulars on present dwell deployments or integrations with insurers, pharmacy profit managers, or main digital well being file methods.

Requirements our bodies are already engaged on technical tips for widespread prior authorisation APIs, a shift that might cut back paperwork and open up new infrastructure alternatives for software program suppliers.

For Tandem, broader adoption of those requirements may strengthen the muse on which its AI instruments rely as the corporate scales. Nevertheless, key efficiency metrics equivalent to approval charges, time-to-therapy reductions, and system-wide adoption haven’t but been publicly shared, the corporate says.

The funding spherical and valuation stay unconfirmed, however the talks sign sturdy investor curiosity in healthcare AI instruments that sort out among the system’s most persistent operational bottlenecks.