Fundraising Fox

Memora Health

AcquiredYC W18

San Francisco, US · Founded 2017 · 115 employees · 10 known investors

Memora Health develops a conversational AI assistant for healthcare that handles routine patient messages and triages complex clinical concerns to care teams. The platform aims to reduce burden on clinicians while improving patient outcomes and satisfaction.

Also known as Memora · Memora Health, Inc.

AI & Machine LearningDigital HealthHealthtechHealth TechAIUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W18)

Memora Health was founded in 2017 by Manav Sevak, Nisarg Patel, and Kunaal Naik.

MSManav Sevak
Manav Sevakin𝕏Founder & CEO (Acq. by Commure)2016–2024Manav Sevak is founder and CEO of Novitas Holdings, an investment and acquisition firm focused on technology businesses. He previously co-founded and led Memora Health, a workflow automation platform for health systems that raised over $80 million and was acquired by Commure in 2024. He has worked as a researcher at the CDC and taught medical informatics at Penn and Georgia Tech.
NPNisarg Patel
Nisarg Patelin𝕏Cofounder2015–2023Nisarg Patel is a surgeon and health AI researcher who co-founded Memora Health, an enterprise care navigation platform acquired by Commure, and has invested in other startups.
KNKunaal Naik
Kunaal NaikinCo-Founder & CTO (acquired by Commure)2016–2024

Investors · 10

Also in the syndicate · 3

Edward Elmhurst HealthNorthShore – Edward-Elmhurst HealthPagsGroup

Company profile

researched Aug 2026

Memora Health operates an "intelligent care enablement" platform that digitizes and automates complex clinical and administrative care workflows for healthcare organizations. The company ingests an organization's existing clinical workflows and converts them into SMS-based messaging journeys that guide patients through care episodes, while automating completion of routine follow-up tasks in the EMR. Natural language processing and AI respond to common patient questions in real time and triage patient-reported concerns and data to the appropriate care team members, returning patient-reported outcomes, clinical insights and escalations to clinicians inside their existing EHR workflow.

The platform spans intelligent care management (remote patient monitoring, symptom management, patient education), clinical workflow automation (reduced inbox notifications, automated patient check-ins, patient-reported outcomes collection) and value-based care functions such as adherence tracking, VBC reporting and care team collaboration. It maintains a library of hundreds of care journeys across major specialties, including oncology, maternity/postpartum, fertility, gastroenterology and post-surgical recovery, and offers scheduling, virtual care and outcomes management tools. Memora positions text messaging as lower-friction than EHR patient apps, and states its engagement data shows no statistically significant decline in patient engagement until age 85.

Memora spun out of the Harvard Innovation Labs and participated in Y Combinator's Winter 2018 batch, initially as a text-based virtual assistant for patient discharge and follow-up management. It was acquired by Commure in December 2024 and continues to operate as part of Commure's healthcare AI software suite.

Founding story

Memora was founded in 2017 and spun out of the Harvard Innovation Labs, entering Y Combinator in the Winter 2018 batch. Its founders — Manav Sevak (CEO), Nisarg Patel (CPO) and Kunaal Naik (CTO) — built the product initially as a text-based virtual assistant helping care teams manage patient discharges and follow-ups, motivated by the absence of infrastructure in healthcare organizations for navigating a patient's full care journey and supporting care teams.

Business model

Memora sells enterprise software to healthcare organizations, which pay a monthly subscription fee for the platform. Implementation is positioned as low-lift, often beginning with a limited proof-of-concept care program before expansion into additional service lines and clinical use cases within the same organization, supported by dedicated implementation and client success teams.

Recurring monthly subscription fees paid by partner health systems, health plans and digital health companies for use of the platform's care programs.

Traction

Y Combinator lists a team size of 115. Memora reported partnerships with more than 50 healthcare organizations, revenue doubling in 2022 and headcount growing nearly fourfold that year. Company-cited program results include 85% of patient inquiries resolved by its AI assistant on its latest model, 95% patient engagement in a gastroenterology program, 96% medication adherence in an oncology program, and a 92% patient satisfaction rating in a postpartum program; in one postpartum deployment, over 32,000 messages were exchanged with fewer than 150 requiring manual clinician response.

Latest developments

In December 2024, Commure — an AI and software company backed by General Catalyst, Sequoia Capital and HCA Healthcare — acquired Memora Health for undisclosed terms, positioning Memora's care navigation alongside Commure's ambient scribe, clinical documentation and revenue cycle products. Commure had also recently acquired AI scribe company Augmedix. Following the acquisition, co-founder and former CEO Manav Sevak departed the company; CTO and co-founder Kunaal Naik remained. Memora's website directs visitors to a new site under Commure.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Memora describes itself as an intelligent care enablement platform and distinguishes its offering from single-purpose point solutions and native EHR patient-navigation modules by supporting multiple stakeholders across an entire care episode. By 2022 it reported partnerships with over 50 healthcare organizations, growing to more than 50 including large national systems and payers by 2024.

Text-first patient engagement that avoids app downloads and broadband requirements, deep EHR integration that returns outcomes and escalations into clinicians' existing workflows, specialty-agnostic care journey library adaptable across service lines, and automation of routine EMR tasks. Reported platform effects include a roughly 40% reduction in care team notifications and an average NPS above 70.

Technology

The platform combines healthcare-specific AI and natural language processing with two-way SMS communication. It ingests existing clinical workflow data to generate patient messaging journeys, responds automatically to routine patient questions, triages urgent or complex concerns to care teams, and automates EMR tasks that do not require top-of-license clinical work. It integrates with customers' existing EHR and workflow systems rather than requiring a separate patient app.

Go-to-market

Direct enterprise sales to health systems, expanded after the 2023 financing to include health plans. Several customers and health system venture arms — including Northwell Holdings, NorthShore–Edward-Elmhurst Health and Edward Elmhurst Health — also invested in the company, aligning distribution with capital. Growth strategy emphasized deepening existing partnerships by adding new specialties and service lines.

Health systems, health plans and digital health companies managing patients with complex or chronic care journeys; named partners have included the Mayo Clinic, Penn Medicine, Northwell Health, Intermountain Health, Aetna CVS, Virtua Health, Moffitt Cancer Center and Edward-Elmhurst Health (the latter reported as no longer a customer as of December 2024).

Geography

Headquartered in San Francisco, California, serving healthcare organizations across the United States including Mayo Clinic, Penn Medicine, Northwell Health (New York), Virtua Health (New Jersey) and Moffitt Cancer Center (Florida).

History

Founded in 2017, Memora spun out of the Harvard Innovation Labs and went through Y Combinator's Winter 2018 batch as a text-based virtual assistant for patient discharge and follow-up. It raised $40 million in February 2022 led by Transformation Capital, bringing total funding to $50.5 million, and a further $30 million strategic round led by General Catalyst in April 2023 with participation from health system investors. Its three co-founders were named to the Forbes 30 Under 30 list for 2022. Commure acquired the company in December 2024; co-founder and CEO Manav Sevak subsequently left, while co-founder Kunaal Naik continued as chief technology officer.

Risks & controversies

Reported customer attrition includes Edward Elmhurst Health, which Fierce Healthcare noted in December 2024 was no longer a Memora customer despite having previously been both a customer and an investor. The company's founding CEO left following the Commure acquisition. Total funding figures reported publicly differ across sources ($80.5 million per Crunchbase, $79.8 million per PitchBook, over $80 million per Y Combinator).

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average NPSJan 202470 score (greater than)
Enrolled patients engaged (GI program, large integrated delivery network)Jan 202495%
HeadcountAug 202622
Headcount growthJan 2022Headcount grew nearly 4x in 2022
Healthcare organizations partneredDec 202450 organizations (more than)
Medication adherence (oncology program, not-for-profit health system)Jan 202496%
Messages exchanged in health system postpartum care programApr 202332,000 messages (over), fewer than 150 requiring manual clinician response
Patient inquiries resolved by AI assistantJan 202485%
Patient satisfaction rating (postpartum program, academic medical center)Jan 202492%
Reduction in care team notificationsJan 202440%
Team sizeJan 2024115 employees
Total funding raisedFeb 2022$50.5M
Total funding raised (Crunchbase)Apr 2023$80.5M
Total funding raised (PitchBook)Dec 2024$79.8M
Year-over-year revenue growthJan 2022Revenue doubled in 2022

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

Competitors · 5

by search overlap
PatientKeeper3 shared keywordsCommure develops software solutions for healthcare providers and administrators to reduce documentation burden, streamline denial management, and improve staff safety infrastructure. The company works with health systems to simplify healthcare delivery operations.
Neumora Therapeutics3 shared keywordsNeumora is a clinical research company developing investigational medications, with a focus on conducting clinical trials to obtain regulatory approval and make treatments available to patients.
Carbon Health3 shared keywordsCarbon Health operates a chain of clinics offering urgent care, primary care, and chronic condition management, combining technology with in-person care to provide broader access to health services. It serves patients seeking everyday healthcare across acute, primary, and chronic needs.
Aviary Health3 shared keywordsAviary Health provides virtual and hybrid clinical programs — including cardiac rehabilitation, pulmonary rehabilitation, and chronic care management — combining AI-powered workflows with clinical teams. It serves hospitals and health systems, delivering end-to-end support for complex service lines.
Emorahealth3 shared keywordsEmora Health is an online mental health platform offering age-specialized therapy, psychiatric medication management, and ADHD/autism testing for children, teens, and adults, with a coordinated care-team model. It matches families with vetted licensed clinicians, accepts insurance, and integrates therapy, medication, and evaluations in one place.

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

Timeline · 6

launches, deals, and filings
Dec 2024
Commure acquires Memora Health

Commure, an AI and healthcare software company backed by General Catalyst, Sequoia Capital and HCA Healthcare, acquired Memora Health's digital care navigation platform. Financial terms were not disclosed. Memora's site notes it is now part of Commure.

source ↗

Dec 2024
Co-founder and CEO Manav Sevak departs Memora Health

Following the Commure acquisition, Manav Sevak was no longer with the company, as confirmed by co-founder and CTO Kunaal Naik.

source ↗

Apr 2023
Memora Health raises $30M strategic round led by General Catalyst

Strategic financing with no round designation, backed by health systems and health plans; proceeds directed to data analytics infrastructure, expanding care programs and selling to health plans.

$30M source ↗

Apr 2023
Partnerships with Virtua Health and Moffitt Cancer Center

Memora announced partnerships to automate clinical workflows with Virtua Health, the largest health system in South Jersey, and Moffitt Cancer Center.

source ↗

Feb 2022
Memora Health raises $40M to scale complex care delivery platform

Round led by Transformation Capital with Andreessen Horowitz, Frist Cressey Ventures, Edward Elmhurst Health and AlleyCorp; Todd Cozzens of Transformation Capital joined the board. Funds earmarked for team and product development and expansion into more clinical use cases.

$40M source ↗

Jan 2022
Co-founders named to Forbes 30 Under 30 (2022)

Manav Sevak and his two co-founders were included on the Forbes 30 Under 30 list for 2022.

source ↗

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

In the news

Research sources · 8

primary sources listed

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

Frequently asked questions

What does Memora Health do?
Memora Health runs a text-based AI care navigation platform for health systems; acquired by Commure in 2024.
Who founded Memora Health?
Memora Health was founded by Manav Sevak, Nisarg Patel, Kunaal Naik in 2017.
Who are Memora Health's investors?
Memora Health's investors include Andreessen Horowitz, Dorm Room, Shrug Capital, Y Combinator, AlleyCorp, Frist Cressey Ventures, TRANSFORMATION CAPITAL.
Where is Memora Health headquartered?
Memora Health is headquartered in San Francisco, US.