Healthcare automation startup Coral has raised $12.5 million in funding to streamline administrative workflows in the healthcare sector, with a focus on modernising processes that still rely heavily on legacy systems like fax machines.
The round saw participation from investors including Lightspeed and Z47, as the company looks to scale its engineering capabilities and deepen its presence in the US healthcare market.
Founded by IIT Hyderabad alumni Ajay Shrihari and Aniket Mohanty, Coral is tackling one of healthcare’s most persistent inefficiencies: back-office operations such as patient intake, insurance verification, and prior authorisations. These processes are often fragmented, manual, and still dependent on outdated communication systems like fax.
Instead of replacing existing infrastructure, Coral’s platform is designed to integrate directly with electronic health records (EHRs) and payer systems, allowing providers to automate workflows without overhauling their current tech stack.
A key differentiator lies in its ability to process unstructured inputs including handwritten faxes and insurance documents with high accuracy. The company claims its system can reduce complex intake processes to under five minutes, significantly improving operational efficiency.
Coral initially focused on the durable medical equipment (DME) segment but has since expanded into areas such as infusion centres and specialty pharmacies, indicating broader applicability across healthcare services.
The new funding will be used to expand the team and accelerate product development, particularly around its AI-driven workflow builder and co-pilot tools that help providers analyse operational metrics like claim denials and referral patterns.
