Who are Raapid's investors?

Raapid's investors include M12 (Microsoft's Venture Fund).

How much funding has Raapid raised?

Raapid has disclosed $6.7M raised across 1 round.

Where is Raapid headquartered?

Raapid is headquartered in Louisville, US.

Raapid

Louisville, US · Founded 2021 · Delaware corporation · 1 known investors

RAAPID provides a neuro-symbolic AI platform for risk adjustment and value-based care, offering prospective and retrospective HCC coding, RADV audit workflows, and AI-as-a-service integrations with MEAT evidence-backed code justification. It serves health plans and healthcare organizations to improve coding accuracy, RAF capture, and audit defensibility.

AI & Machine LearningDigital HealthHealthtech

Founders & leadership

Chetan J. ParikhChief Executive Officer, Secretary, and Director

Michael ClarkPresident and Chief Growth Officer

Board

Priyanka MitraBoard director

Vatsal P. GhiyaBoard director

Investors · 1

M12 (Microsoft's Venture Fund)Seattle · $100K – $10M

Reported raises · per SEC filings

Form D private placements

$6.7M disclosed across 1 round · 2024

▶$6.7MraisedJan 2025 · 14 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Priyanka MitraDirector
Vatsal P. GhiyaDirector
Chetan J. ParikhExecutive Officer
Michael ClarkExecutive Officer

Offering amount: $10.7M
Amount sold: $6.7M
Minimum investment: $50K
First sale: Dec 2024
Incorporated: Corporation, Delaware, 2021
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

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

Competitors · 5

by search overlap

Intelligent Medical Objects Inc235 shared keywordsIMO Health builds a clinician-curated medical terminology, ontology, and knowledge graph, along with software products that capture, standardize, and normalize clinical data for AI, coding, billing, and analytics use cases. It serves health systems, life sciences companies, and health tech vendors, addressing needs such as denials prevention, data standardization, risk adjustment, and clinical trials.

Foresee Medical193 shared keywordsForeSee Medical provides AI-powered risk adjustment software (ForeSee ESP) that uses natural language processing to analyze EHR data and clinical notes, surface supported conditions, suggest ICD-10/HCC codes, and calculate RAF scores. It serves Medicare Advantage plans, ACOs, IPAs, health systems, coding teams, and clinicians operating under value-based care models.

Rapidclaims SaaS171 shared keywordsRapidClaims builds autonomous AI agents for healthcare revenue cycle management, handling medical coding, clinical documentation improvement, risk adjustment, and denial management across 25+ specialties. It serves multi-specialty physician groups, health systems, ACOs, and FQHCs, integrating with major EHRs to reduce A/R days, coding costs, and claim denials.

Datavant138 shared keywordsDatavant operates a health data collaboration platform and data network that connects, protects, and activates patient-level data across the U.S. healthcare ecosystem. It serves healthcare organizations including hospitals, health systems, payers, and real-world data partners with products for release of information, data linkage, health data retrieval, privacy, and risk adjustment coding.

Clinii115 shared keywordsClinii is an AI-powered chronic care management platform that helps healthcare providers document, track, and bill Medicare care programs such as CCM, PCM, RPM, and BHI. It integrates with 30+ EHRs and serves providers ranging from solo practices to value-based care networks in the US.

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

Frequently asked questions

What does Raapid do?: RAAPID provides a neuro-symbolic AI platform for risk adjustment and value-based care, offering prospective and retrospective HCC coding, RADV audit workflows, and AI-as-a-service integrations with MEAT evidence-backed code justification. It serves health plans and healthcare organizations to improve coding accuracy, RAF capture, and audit defensibility.
Who are Raapid's investors?: Raapid's investors include M12 (Microsoft's Venture Fund).
How much funding has Raapid raised?: Raapid has disclosed $6.7M raised across 1 round.
Where is Raapid headquartered?: Raapid is headquartered in Louisville, US.