/Companies

Lucor

Techstars '25

Annandale, US · North Carolina corporation · 1 known investors

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Lucor builds explainable AI that helps health-plan investigators detect and triage fraud, waste, and abuse in claims.

Also known as Lucor

Founders & leadership

SP
Stephen P ConwayCEO
JB
Jerry B ConwayPresident
MD
Michael D DavisVice President
AJ
Anthony J Beisler, IIINamed on SEC filing
RR
Richard RubinNamed on SEC filing
FD
Fredrico D FazioNamed on SEC filing

Investors · 1

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$3M disclosed across 1 round · 2017

▶$3MraisedSep 2017 · 1 investors · Oil and Gas
Rule 506(b)
Officers, directors & promoters on the filing
  • Anthony J Beisler, IIIDirector
  • Stephen P ConwayExecutive Officer, Director
  • Richard RubinDirector
  • Jerry B ConwayExecutive Officer, Director
  • Fredrico D FazioDirector
  • Michael D DavisExecutive Officer
Offering amount
$3M
Amount sold
$3M
Proceeds to insiders
$2.5M
First sale
Aug 2017
Incorporated
Corporation, North Carolina
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

Lucor develops explainable artificial intelligence software for health plans, aimed at fraud, waste, and abuse (FWA) investigation teams. The product is described as analyzing claims data to surface suspicious claims and help investigators triage cases more quickly, with compliance as the stated use case.

The company is based in Annandale, Virginia, and is also associated with the Washington, D.C. area. It was part of the fall 2025 cohort of Techstars AI Health Baltimore, an accelerator powered by Johns Hopkins University and CareFirst BlueCross BlueShield, and presented at the program's Demo Day at M&T Bank Stadium in Baltimore on December 4, 2025.

Business model

Lucor sells its software to enterprises, with access listed as paid only and pricing handled through enterprise sales rather than published rates.

Latest developments

Selected for and presented at the Techstars AI Health Baltimore fall 2025 cohort Demo Day on December 4, 2025, alongside companies including Altrix, Birth Model, CodaHx, Halsted AI, Hoopcare, Pense Health, PromptWrx, and TechNovaTime.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

An early-stage entrant in health-plan fraud, waste, and abuse analytics, positioned around explainability for investigator workflows.

Technology

Explainable AI applied to health-plan claims data to flag suspicious claims and prioritize cases for investigators.

Go-to-market

Enterprise sales motion; pricing is quoted via contact with the sales team. The company has also used accelerator participation, presenting to investors and the Baltimore startup community at Techstars AI Health Baltimore Demo Day.

Health plans, specifically their fraud, waste, and abuse investigation and compliance teams.

Geography

Headquartered in Annandale, Virginia, with a presence in the Washington, D.C. area; participated in an accelerator program based in Baltimore, Maryland.

History

Lucor joined the second class of Techstars AI Health Baltimore, the accelerator's fall 2025 cohort, and demonstrated its product at Demo Day on December 4, 2025.

Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.

Timeline · 1

launches, deals, and filings
Dec 2025
Participates in Techstars AI Health Baltimore fall 2025 cohort Demo Day

Lucor (Annandale, VA - Washington D.C.) was listed in the fall 2025 cohort of Techstars AI Health Baltimore, powered by Johns Hopkins University and CareFirst BlueCross BlueShield, and pitched at the accelerator's Demo Day held at M&T Bank Stadium in Baltimore on December 4, 2025.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
LucorNorth Carolina

▸Research sources · 2

primary sources listed

2 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Lucor do?
Lucor builds explainable AI that helps health-plan investigators detect and triage fraud, waste, and abuse in claims.
Who are Lucor's investors?
Lucor's investors include Techstars.
How much funding has Lucor raised?
Lucor has disclosed $3M raised across 1 round.
Where is Lucor headquartered?
Lucor is headquartered in Annandale, US.