Cohere Health Raises $90M Series C Funding
Summary
The round, which brought the total amount to $200M, was led by Temasek, with participation from Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners. The company intends to use the funds to accelerate its next phase of growth, scale its platform, expand into new clinical use cases, and deep investment in its AI-powered product portfolio. Led by CEO Siva Namasivayam, Cohere Health is a clinical intelligence company delivering AI-powered prior authorization solutions that streamline access to quality care by improving collaboration between physicians and health plans. Its platform, Cohere Unify, enables critical collaboration points between health plans and providers, and modernizes utilization management (UM) by personalizing provider workflows and optimizing engagement through real-time performance data. The company currently processes more than 12 million prior authorization requests annually for more than 600,000 providers nationwide.