Fundraising Fox

Mandolin

San Francisco, US · Founded 2024 · Delaware corporation · 42 employees on LinkedIn · 10 known investors

Mandolin provides AI agents that automate back-office workflows for specialty drug administration, including patient intake, benefits verification, prior authorizations, and revenue cycle management for infusion centers and clinical practices.

Founders & leadership

Mandolin was founded in 2024 by Mary Kay Huse, Will Yin, and Rohit Rustagi.

MK
Mary Kay HuseCo-founder
WY
Will YinCEO & Co-Founder
RR
Rohit RustagiCo-Founder & COO

Board

MFMike Fitzgerald
Mike FitzgeraldinBoard Member2020–2022Investor at High Alpha
ETEric Tobias
Eric Tobiasin𝕏Board directorInvestor at High Alpha
SDScott D. Dorsey
Scott D. Dorseyin𝕏Board directorInvestor at High Alpha
JC
Jerry ChenInvestor representative (Greylock)
CK
Christine KimInvestor representative (Greylock)

Investors · 10

Also in the syndicate · 3

Angel investors (founders of Vercel, Decagon, Yahoo)GreylockMaverick

Funding

SEC filings, press & company announcements

$57M disclosed across 3 of 4 rounds · 2020–2025

$12MraisedJun 2021 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Scott D. DorseyDirector
  • Eric TobiasDirector
  • Mary Kay HuseExecutive Officer, Director
  • Nnamdi OkikeDirector
Offering amount
$12M
Amount sold
$12M
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$5MraisedApr 2021 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mike FitzgeraldDirector
  • Eric TobiasDirector
  • Mary Kay HuseExecutive Officer, Director
  • Scott D. DorseyDirector
Offering amount
$5M
Amount sold
$5M
Minimum investment
$50K
First sale
Sep 2020
Incorporated
Corporation, Delaware, 2020
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 Aug 2026

IMPORTANT DATA-QUALITY NOTE: This profile documents the entity that is verifiably Greylock's current portfolio company at the domain mandolin.com -- an AI-agent automation startup for specialty drug access, legally Coral Automation, Inc., doing business as 'Mandolin.' Research for this profile also surfaced a completely different, unrelated company that also used the name 'Mandolin': a pandemic-era live concert livestreaming / virtual-events platform based in Indianapolis, founded around June 2020 by co-founder/CEO Mary Kay Huse, which raised a $5M seed round (October 2020) and a $12M Series A (June 2021, oversubscribed, led by 645 Ventures and Foundry Group, with High Alpha and Marc Benioff's TIME Ventures participating; 645 Ventures Managing Partner Nnamdi Okike joined its board). That company hosted livestreamed and hybrid concerts (its 'Live+' platform and partnerships with artists such as Lil Wayne, Fitz and The Tantrums, Andrew Peterson, and Lauren Daigle, and festivals including Planet Bluegrass and Uproar), integrated with Chartmetric, Bandsintown, and Seated, and by mid-2022 reported 1,000+ artists on the platform and 50-75 livestreamed shows per month. Crunchbase data shows CEO Mary Kay Huse's tenure at that company ended in May 2023 (she has since become President & GM of the Indy Ignite pro volleyball team), and no evidence of Greylock investment in that entity, nor evidence of its continued independent operation, was found in this research -- its current status could not be confirmed, and it is NOT the entity currently occupying the mandolin.com domain or Greylock's portfolio. The two 'Mandolins' appear to be an unrelated naming coincidence: the domain mandolin.com is now used exclusively by the healthcare AI company described below. All facts below pertain only to the current, Greylock-backed, healthcare-AI Mandolin (Coral Automation, Inc.); none of the livestreaming company's founders, funding, or metrics are included in the structured fields of this record to avoid conflating the two businesses.

Mandolin (Coral Automation, Inc.) was co-founded by Will Yin (CEO) and Rohit Rustagi (COO). Crunchbase records Will Yin's tenure as CEO/Co-Founder of Mandolin beginning in May 2024, suggesting the company was founded or rebranded to the Mandolin name around that time; an exact founding date and legal-incorporation date were not confirmed in public sources. Yin is also listed by Crunchbase as Co-Founder, President, and CTO of a separate company called 'Jupiter,' though the nature of that company and whether the role is concurrent or prior was not independently verified in this research. The company is headquartered in San Francisco, California.

Mandolin's stated mission is to replace 'fragmented back-office workflows' in specialty pharmacy and infusion care with AI agents that handle the complete patient-access lifecycle -- from referral intake through benefits verification, prior authorization, and revenue-cycle/claims work -- so that organizations can scale patient volume without proportional headcount growth. The company frames its market opportunity against a specialty-pharmaceutical spend of roughly $250 billion annually in the U.S. today, projected to grow to $1.5 trillion by 2033. Company-published case-study figures claim a 24x improvement in document-processing speed for at least one customer, elimination of multi-day prescription backlogs, and support for scaling operations to 4,500+ patients per month without adding staff; the company also states its platform is operational across 'hundreds' of clinics and infusion centers and aims to support roughly one million therapy journeys annually, though these figures are self-reported and were not independently verified.

Business model

B2B software/AI-agent platform sold to infusion centers, specialty pharmacies, and health systems; positioned as a vertical AI-agent (agentic AI) automation vendor rather than a traditional SaaS tool.

Not publicly disclosed. Likely enterprise contract/subscription pricing tied to agent deployment and volume of therapy journeys/claims processed (no public pricing page found).

Full profile — profile (continued), go-to-market, ownership

Profile (continued)

Mandolin raised a seed round (amount and exact date undisclosed) co-led by SignalFire and Maverick, prior to its Series A. On June 18, 2025, the company announced a $40 million Series A led by Greylock, with SignalFire, Maverick, Timeless, and SV Angel participating alongside a group of notable angel investors described as founders of Vercel, Decagon, and Yahoo (specific individual names not disclosed in the announcement). Confirmed disclosed funding therefore totals at least $40 million; because the seed amount was not disclosed, total lifetime funding may be somewhat higher than the $40M figure used in this profile's total_funding_usd field. No valuation has been publicly disclosed for either round.

As of mid-2026, Mandolin continues to publish product- and workflow-focused content on its company blog (e.g., on prior-authorization bottlenecks, claim denials despite approved authorizations, and 'dangerous' manual data-entry workflows), consistent with an actively operating, product-focused go-to-market. No additional priced funding round beyond the June 2025 Series A was identified in public sources as of this research.

Go-to-market

Ambulatory infusion centers (AICs), specialty pharmacies (including at least one described as a 'top 20' specialty pharmacy), and health systems that administer specialty/infusion drugs and must navigate payer prior authorization, benefits verification, and claims processes.

Ownership

private

Compiled by commissioned research from 12 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Document processing speed improvementJan 202624 multiple
HeadcountAug 202642
Patients scaled per month without added headcountJan 20264,500 patients/month
Target annual therapy journeys supportedJun 20251,000,000 therapy journeys/year
Total disclosed fundingJun 2025$40M
U.S. specialty pharmaceutical market size (context, not company metric)Jun 2025$250B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

2 people who came through Mandolin went on to found or lead other companies.

Competitors · 2

by search overlap

Companies competing with Mandolin for the same Google search keywords, organic and paid, via search-intersection analysis.

Customers & partners

Named customers · 2

Unnamed 'top 20' specialty pharmacyUnnamed national ambulatory infusion center (AIC) operator

Relationships the company or its partners disclosed publicly — case studies, joint announcements, press.

Timeline · 6

launches, deals, and filings
Jul 2026
Blog: 'Your Most Dangerous Workflows Look Like Data Entry'

Company blog post on operational risk hidden in routine administrative/data-entry workflows.

source ↗

Jun 2026
Blog: 'The Hidden Work Before Prior Authorization'

Company blog post describing preliminary administrative work that occurs before formal prior-authorization submission.

source ↗

Jun 2026
Blog: 'Specialty Medication Access Shouldn't Take Weeks'

Company blog post addressing the need to accelerate specialty-medication patient access timelines.

source ↗

Jun 2025
$40M Series A led by Greylock

Mandolin announced a $40 million Series A led by Greylock, with SignalFire, Maverick, Timeless, SV Angel, and angel investors (described as founders of Vercel, Decagon, and Yahoo) participating, to scale its AI-agent platform for specialty drug access.

source ↗

May 2024
Will Yin becomes CEO/Co-Founder

Crunchbase records Will Yin's tenure as CEO/Co-Founder of Mandolin beginning May 2024, the earliest confirmed date associated with the company under the Mandolin name.

source ↗

Seed round closed

Mandolin (Coral Automation, Inc.) raised an undisclosed seed round co-led by SignalFire and Maverick, prior to its 2025 Series A.

source ↗

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

Legal entities · 1

corporate structure
MandolinDelaware

In the news

Research sources · 12

primary sources listed

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

Frequently asked questions

What does Mandolin do?
Precision automation for specialty drugs
Who founded Mandolin?
Mandolin was founded by Mary Kay Huse, Will Yin, Rohit Rustagi in 2024.
Who are Mandolin's investors?
Mandolin's investors include Greylock Partners, SignalFire, SV Angel, Timeless, 645 Ventures, High Alpha, Maverick Ventures.
How much funding has Mandolin raised?
Mandolin has disclosed $57M raised across 3 of its 4 known rounds.
Where is Mandolin headquartered?
Mandolin is headquartered in San Francisco, US.