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Cohere Health, a utilization management software company, announced it raised $90 million in a Series C funding round.

Investment company Temasek led the round. Other investors included Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital and Polaris Partners.

The company sells a software platform for prior authorization to health plans and risk-bearing provider systems. Its software incorporates data from clinical notes and insurance claims with the aim of reducing times for coverage determinations and lowering administrative expenses.

Cohere, which was founded 2019, said it will use the funding to scale its AI capabilities, including AI agents, which are specialized tools developed to help organizations complete time-intensive functions more efficiently. Cohere will also use the round to expand into other use cases, including risk adjustment, population health management and payment accuracy.

“Today there are so many healthcare processes that are highly manual,” Cohere Health co-founder and CEO Siva Namasivayam said in an interview. “They’re manual because the people who are in the workflow have to digest the information.”

Published On: May 14th, 2025Categories: News

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About the Author: Cohere Health

Cohere Health is a clinical intelligence company delivering AI-powered intelligent prior authorization solutions, which streamlines patients’ access to quality care by aligning their physicians and health plans for improved collaboration, transparency, and care coordination. Cohere works with nearly 600,000 providers and processes more than 12 million prior authorization requests annually, using AI to auto-approve up to 90% of requests for millions of health plan members around the country. The company was recognized twice in the Gartner® Hype Cycle™ for U.S. Healthcare Payers, is a Top 5 LinkedIn™ Startup for 2023 & 2024, and is a three-time KLAS Points of Light award recipient. Its investors include Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners.