Prosper AI, a health care administration agent company, has closed a $30 million Series A funding round led by Andreessen Horowitz, co-CEO Xavier de Gracia told Axios. The New York City-based startup's total funding now stands at $35 million.
The company's AI tool is specifically designed to answer patient phone calls, a function that addresses a persistent pain point in healthcare. Automating these interactions could reduce administrative burden on practices and cut wait times for patients.
According to Axios, the Series A brings Prosper AI's total funding to $35 million. The round was led by a16z, with no other investors disclosed in the report.
The investment signals growing venture appetite for AI that tackles administrative inefficiencies in healthcare. Prosper AI plans to use the capital to expand its platform and sales efforts.
AI-powered healthcare phone answering remains a competitive space, with other startups and incumbents vying for the same market. Prosper AI will need to differentiate on accuracy and integration with existing practice systems.