Raapid was founded by Chetan Parikh, Vatsal Ghiya in 2021.

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

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RAAPID develops AI-powered software for risk adjustment and HCC coding in healthcare, helping providers defensibly optimize medical code assignment and reimbursements. The platform serves health plans and healthcare providers using clinical NLP technology to process medical documentation and validate coding accuracy.

AI & Machine Learning Digital Health Healthtech SaaS

Founders & leadership

Raapid was founded in 2021 by Chetan Parikh and Vatsal Ghiya.

Chetan Parikh Founder & CEOChetan Parikh is a technologist with nearly two decades of experience in healthcare AI and SaaS solutions. He previously co-founded ezDI, an AI/NLP software company later acquired by AGS Health, and has held roles as COO of Mediscribes and board member of Shaip Inc.; he is now founder and CEO of RAAPID.

Vatsal Ghiya Co-Founder & CMOVatsal Ghiya co-founded and previously led Shaip, an AI data platform acquired by Ubiquity, and co-founded ezDI, a healthcare software company with NLP and medical coding capabilities. He is now Chief Marketing Officer at RAAPID, an AI-powered healthcare coding platform backed by M12.

Michael ClarkPresidentformer

Board

Priyanka Mitra Board MemberPartner at M12 (Microsoft's Venture Fund)

Investors · 1

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

How we know: M12 (Microsoft's Venture Fund)'s portfolio page · a partner's Signal profile · Not right? Tell us

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.

Related companies · 5

Intelligent Medical Objects IncIMO Health applies machine learning and natural language processing to transform unstructured clinical data into actionable insights for healthcare providers, life science organizations, and payers. The company's solutions automate medical coding, denials management, risk adjustment, and data standardization while maintaining clinical precision and HIPAA compliance.

Foresee MedicalForeSee Medical offers an AI-powered risk adjustment coding platform that integrates with electronic health records to identify, validate, and document chronic conditions in real time. It serves healthcare providers, health plans, and healthcare organizations to support accurate HCC coding, RAF score optimization, and CMS compliance in value-based care.

Rapidclaims SaaSRapidClaims 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.

DatavantDatavant Connect is a data connectivity platform that enables healthcare and life sciences organizations to share and link datasets while maintaining privacy compliance through tokenization technology. The platform addresses the need to balance data utility with regulatory requirements like HIPAA de-identification standards.

CliniiClinii provides an AI-powered platform for care management that integrates with electronic health records to automate chronic and preventive care workflows, billing, and reimbursement for healthcare providers. The platform supports both fee-for-service and value-based care models across practices of varying sizes.

Companies working in the same space as Raapid.

Frequently asked questions

What does Raapid do?: RAAPID develops AI-powered software for risk adjustment and HCC coding in healthcare, helping providers defensibly optimize medical code assignment and reimbursements. The platform serves health plans and healthcare providers using clinical NLP technology to process medical documentation and validate coding accuracy.
Who founded Raapid?: Raapid was founded by Chetan Parikh, Vatsal Ghiya in 2021.
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.