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Procode AI
Health · Los Angeles, United States
AI-powered procedural coding for medical billers MoreLess
Procode AI is a technology company specializing in AI-powered revenue cycle management (RCM) for surgeons in private practice. Founded in 2024 by Jeff Cripe, Kameron Rezzadeh, M.D., and James Baez-Silva, the company aims to modernize and automate the complex process of medical billing for surgical procedures. It launched from stealth in early 2026 with $4 million in funding and the strategic acquisition of The Auctus Group, a prominent US biller for plastic surgeons and dermatologists.
The company's core offering is an AI-powered platform designed to automate coding, streamline claims management, and improve reimbursement outcomes for medical practices. The flagship product, the "Coding Copilot," leverages artificial intelligence to translate operative reports into the correct billing and diagnostic codes (CPT, Dx, Modifiers). This tool integrates directly with Electronic Health Record (EHR) systems to pull patient records, code them while cross-checking against billing rules (NCCI/MUE/LCD), and prepare charges for human review before submission. Procode AI states its solution enables medical coders to work up to 90% faster, increases accuracy, reduces coding-related denials, and decreases accounts receivable (AR) days.
Procode's business model is centered on providing its intelligent billing infrastructure to a market that has historically been underserved by advanced AI technology, which was often reserved for large healthcare systems. The company serves specialties such as Plastic Surgery, Dermatology, ENT, Urology, Ophthalmology, and various surgical fields. By acquiring The Auctus Group, founded in 2012, Procode immediately expanded its reach to over 300 providers and demonstrated significant financial impact, adding $2 million in annual recurring revenue within five months post-acquisition.
The founding team combines expertise in technology and medicine. This background informs their focus on building technology that ensures providers are reimbursed fairly and quickly, allowing them to concentrate on patient care rather than administrative burdens. The company has received backing from investors including Story Ventures, CHAP Health Ventures, and Progression Fund.
Keywords: revenue cycle management, medical coding automation, surgical billing AI, healthcare finance technology, AI medical coding, procedural coding, EHR integration, claims management automation, medical billing software, plastic surgery billing, dermatology billing, healthcare RCM, Jeff Cripe, Kameron Rezzadeh, James Baez-Silva, The Auctus Group, denial management, accounts receivable automation, CPT coding AI, diagnostic codes AI, medical reimbursement
Company overview
Procode AI company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- —
- Headquarters
- Los Angeles, United States
- Employees
- 11
- Open positions
- None listed
- Dealroom signal
- 0.0
- Investment activity
- 1 companies · latest Mar 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Procode AI funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Jul 2026 | $10M | $40M | Health Velocity Capital | ↗ |
| EARLY VCOther financing | Mar 2026 | $4M | $16M | Story Ventures · CHAP Health Ventures · Dmitry Shevelenko · Progression Fund | ↗ |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $2.2M | 0% | 11 |
| 2025 | $2.2M | — | — |
Growth signals
Procode AI website traffic
Latest recorded traffic for Procode AI is 56K monthly website visits, up 250% over the last three months.
Comparisons
Procode AI compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
Helix AdvisoryHealthcare revenue recovery using proprietary AI technology. |
Cincinnati, United States | Acquired | 6 | — | — |
Medsync 365Integrated healthcare revenue, AI patient engagement services. |
— | Operational | |||
iRGO HealthAI-powered revenue cycle management for healthcare providers. |
Dover, United States | Operational | |||
DOCS Medical Billing, LLCEnd-to-end revenue cycle management for medical practices. |
— | Operational | |||
ReddendaProvider reimbursement benchmarking using public payer data. |
Roseville, United States | Operational | |||
EvanthysAI-powered revenue cycle management for physician practices. |
Miami, United States | Operational | |||
| — | Operational | ||||
Select RCM ServicesRevenue cycle management and AI-driven healthcare solutions. |
Rockwall, United States | Acquired |
Capital deployed
Procode AI investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Talent graph
Procode AI's talent
Source: Dealroom Talent Intelligence.
Investors
5 investors on Procode AI's cap table
Sourced from Dealroom's funding and investor records.





Global footprint
Where Procode AI has talent and traffic
team presence
In the news
Latest news about Procode AI
Recent press, funding announcements, and product moves mentioning Procode AI — open to read from the original sources.
Market sentiment
What the market is saying about Procode AI
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Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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